JPMorgan Should Replace Most of Board, Glass Lewis Says
This article is for subscribers only.
JPMorgan Chase & Co., the biggest U.S. bank, should oust most of its board and split Jamie Dimon’s dual roles as chairman and chief executive officer, shareholder advisory firm Glass Lewis & Co. said.
Stockholders should replace six of the board’s 11 directors at the bank’s annual meeting May 21 and approve a proposal to name an independent chairman, Glass Lewis said today in a report.