May 10, 2013 / 12:36 PM / in 5 years

UK fund adviser says JPMorgan CEO Dimon should not be chairman

May 10 (Reuters) - Jamie Dimon, the Chief executive and chairman of the board of JPMorgan Chase & Co, should not hold both roles, a United Kingdom pension fund adviser said on Friday.

PIRC, or Pension & Investment Research Consultants, an adviser to funds on shareholder issues, recommended in a report that investors vote against re-electing Dimon and five more of JPMorgan’s 11 directors at the company’s annual meeting on May 21.

The firm also said shareholders should vote for a resolution calling on the board to have a chairman who is independent from company executives.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below