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May 14, 2013

J.P. Morgan Investors Scrutinize Links With Directors

“Shareholders are taking a close look at financial relationships between some J.P. Morgan Chase & Co. board members and the company they oversee, in a sign of the scrutiny the nation’s largest bank faces in the wake of a multibillion-dollar trading loss last year.”

“CtW Investment Group, which represents union pension funds nationwide that collectively hold about six million J.P. Morgan shares, has met with triple the number of investors this year as last, as it pushes for the removal of three directors in charge of overseeing risk, said executive director Dieter Waizenegger.”

“While CtW urged shareholders in previous years to study outside directors’ potential conflicts, ‘now I think people are willing to look again,’ said Mr. Waizenegger.”

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Read the full Wall Street Journal article here

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