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Security Contract Raises Questions About Wells Fargo Board Member's Independence

A security contract between Wells Fargo and Inter-Con is raising questions about the bank's board of directors.

The recent Wells Fargo ( (WFC) - Get Wells Fargo & Company Report ) scandals are putting the bank's board under new scrutiny.

That includes board member Enrique Hernandez, Jr.

He joined the Wells Fargo board in 2003 and chairs several committees.

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Hernandez is also the President and CEO of the security firm Inter-Con, which has a multi-million dollar contract with Wells Fargo.

While corporate governance experts say the deal is legal, disclosed and meets listing standards for publicly traded companies, Brad Keoun says it just doesn't look right and says it raises questions about his independence.

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