Dimon Survives, But Risk Concerns Loom For JPMorgan

Law360, New York (May 21, 2013, 3:59 PM EDT) -- JPMorgan Chase & Co. CEO Jamie Dimon will keep his chairman’s seat after investors defeated an effort to split the roles Tuesday, but slim re-election margins for the bank’s risk committee will fuel calls for board reforms, experts say.

In the most closely watched ballot fight, shareholders rejected a nonbinding proposal to strip Dimon of his chairmanship.

The measure, introduced by several labor pension funds, received 32.2 percent of the vote, lower than the 40 percent it got last year. The measure had gained support in...
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