NEW YORK May 10 Two ranking JPMorgan Chase & Co
directors issued a letter to shareholders on Friday
arguing against recommendations by proxy advisory firms to split
the duties of Chairman and CEO Jamie Dimon and vote against some
The board is unanimous in its view that it is best for Dimon
to hold both roles and that the current governance structure "is
working effectively," according to the letter signed by
presiding director Lee Raymond and William Weldon, who is
chairman of the corporate governance and nominating committee.
The letter warned that a vote against current directors or
to split the CEO and chairman roles "could be disruptive to the
company and is not in shareholders' best interests."