ISS and Glass Lewis urge JP Morgan investors to split top roles
Updated
Updated · The Guardian · May 10
ISS and Glass Lewis urge JP Morgan investors to split top roles
12 articles · Updated · The Guardian · May 10
The vote is due at JP Morgan’s 19 May annual meeting, targeting Jamie Dimon’s combined chief executive and chair posts held since 2005-06.
The proxy advisers said one person leading both management and the board risks conflicts and weakens oversight at America’s largest bank, while JP Morgan urged shareholders to reject the retail-investor proposal.
The dispute revives a long-running governance debate over board independence; the bank says it will separate the roles after Dimon leaves, but advisers warn he could remain chair.
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