Fannie Mae (FNMA)

[955]

Couple items of note. Several BOD members are Gov appointed. Several have held executive positions with major banks. FHFA holds authority over final approval of any additions to the board. End result, BOD's are under tight control by Gov and banks, neither of whom favor F&F release from conservatorship.

955, "Stockholders may submit written recommendations for candidates directly to the Chair of the Nominating and Corporate Governance Committee in care of the Office of the Secretary of the corporation, and these recommendations should include the information set forth in Section 4.20 of the corporation’s Bylaws. During Conservatorship, these recommendations are subject to FHFA’s discretion as Conservator of Fannie Mae. The Chair of the Nominating and Corporate Governance Committee formally invites new director candidates to stand for election to the Board."