Finance
JPMorgan Shareholders Bat Down Attempts to Remove Directors
- Shareholders overwhelmingly approve all nominated directors
- Proposal on climate change narrowly falls short of approval
Photographer: Michael Nagle/Bloomberg
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JPMorgan Chase & Co. shareholders elected all 10 directors nominated to the board even after several large pensions urged them to withhold votes from members including Lee Raymond, the former Exxon Mobil Corp. boss.
No director received less than 84.6% of the votes cast, according to a preliminary tally Tuesday at JPMorgan’s annual shareholders’ meeting, which was held virtually due to lockdown measures imposed to stem the spread of the coronavirus.