BRIEF-JPMorgan shareholders urged by proxy adviser to reject three directors

Sat May 4, 2013 11:40am EDT

May 4 (Reuters) - JPMorgan Chase & Co : * Shareholders urged by influential proxy adviser to reject three directors * Proxy adviser ISS: do not re-elect JPMorgan's long-time risk panel directors * JPMorgan directors Cote, Crown and Futter should not be re-elected, says ISS * ISS cites 'material failures of stewardship and risk oversight' by three

directors for view * Proxy adviser ISS renews call for independent board chair over CEO Jamie

Dimon * JPMorgan "disagrees with ISS's position," statement from spokeswoman says

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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