C-Suite shake-up? | Goldman Sachs urged to split CEO & chairman roles amid 'conflict of interest' concerns

Goldman Sachs has been urged to split the CEO and chairman roles held by David Solomon, in addition to calling on shareholders to reject the bank's executive pay plans.

As reported by Reuters, independent proxy advisors, Glass Lewis and Institutional Shareholder Services, recommended in separate reports this week that investors back a shareholder resolution calling for the job split.

An independent chair "is nearly always preferable to having a single individual lead both the board and the executive team," Glass Lewis wrote in a statement, reiterating a recommendation from last year.

The proxy advisers have also urged the Bank of America to follow suit by splitting the CEO and chairman roles held by Brian Moynihan.