Splitting Chair, CEO Role May Not Rein In Big Banks

Law360, New York (May 14, 2012, 7:03 PM EDT) -- JPMorgan Chase & Co.'s surprise $2 billion trading loss has given new momentum to a shareholder initiative to split the chairman and chief executive roles now held by Jamie Dimon, but corporate governance advocates say even that measure may not be enough to effectively manage a giant financial institution.

Corporate governance advocates for the most part argue that splitting the two roles at the top of a company can put a second strong voice in a room that can challenge a firm's management. But in the...
To view the full article, register now.