Proxy advisory group ISS has advised JPMorgan Chase & Co shareholders to vote ag...
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files/File Photo
The group has twice previously suggested that investors vote against the bank’s executive compensation - in 2015 and 2011 - since the Dodd-Frank law mandated shareholders be given a say-on-pay in 2010.The bank’s board of directors recommended in its proxy filing that shareholders vote to approve executive compensation at its shareholder meeting next week in Chicago.
Although JPMorgan’s compensation committee uses performance assessments to guide the amount of discretionary compensation awarded, ISS wrote in its report that certain “factors assessed were described only vaguely and appear subjective.” JPMorgan Chief Executive Jamie Dimon received a total of $31 million in compensation for the year 2018, which included an annual base salary of more than $1.5 million and performance-based incentive compensation of $29.5 million.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bank defends risk controls after proxy adviser ISS calls for shareholder revoltDeutsche Bank has defended its risk and control system after proxy adviser Institutional Shareholder Services (ISS) called for shareholders to vote against the board.
Read more »
Deutsche Bank to ISS: 'We have improved our risk system'Deutsche Bank said recommendations made by U.S. proxy advisor Institutional Shar...
Read more »
SpaceX launches latest mission after ISS solves electrical problemsSpaceX has finally launched its mission to resupply the International Space Station after a series of delays
Read more »
'A terrible, terrible thing': NASA said India's satellite destruction created so much space junk it threatens the safety of the International Space StationNASA's administrator, Jim Bridenstine, says India's satellite shattered into pieces of debris that pose an 'unacceptable' threat to ISS astronauts.
Read more »
Deutsche Bank defends risk controls after proxy adviser ISS calls for shareholder revoltDeutsche Bank has defended its risk and control system after proxy adviser Institutional Shareholder Services (ISS) called for shareholders to vote against the board.
Read more »
Goldman Sachs shareholders back directors, executive pay packagesGoldman Sachs Group Inc said on Thursday that shareholders voted to elect all of...
Read more »
JPMorgan Partners With Microsoft To Use Blockchain Against Social ProblemsThe largest bank in the United States has partnered with the largest software provider to bring enterprise blockchain to the masses by DelRayMan
Read more »
Occidental tweaks $38 billion Anadarko bid to remove shareholder voteOccidental Petroleum Corp increased the cash component of its $38 billion bid to...
Read more »
Occidental: Skipping shareholder merger vote will make its Anadarko bid superior to Chevron'sOccidental Petroleum Corp said on Monday that its latest bid to take over Anadar...
Read more »
Trump invokes executive privilege as Democrats vote to hold AG in contemptJUST IN: As the House Judiciary Committee begins a hearing to hold Barr in contempt, Trump asserts executive privilege. 'This is to advise you that the President has asserted executive privilege over the entirely of the subpoenaed materials,' DOJ writes.
Read more »