JPMorgan should have independent chairman, second firm says -WSJ
NEW YORK May 7 (Reuters) - A second proxy advisory firm has said that JPMorgan Chase & Co should have an independent board chairman over its chief executive officer, according to a published report.
The recommendation from Glass Lewis & Co follows similar advice last week from ISS Proxy Advisor Services ahead of the bank's annual meeting on May 21. ISS said the company's "London Whale" trading loss had shown the board failed in its oversight of executives, including CEO Jamie Dimon.
- Total CEO de Margerie killed in Moscow as jet hits snow plough
- Ebola crisis turns a corner as U.S. issues new treatment protocols
- Apple's iPhone sales beat Street but iPad volumes slide
- China's growth slowest since global crisis, annual target at risk
- Obama makes rare campaign trail appearance, people leave early