BankThink

Receiving Wide Coverage ...Lobbying for Dimon's Dual Role: JPMorgan Chase board members certainly support Jamie Dimon as bank CEO and chairman. Now, they're working hard to ensure shareholders feel the same way ahead of a vote on a nonbinding proposal to take away Dimon's chairman title. The proposal, which has been voted on by shareholders before, is expected to get more support this year due to the continued fallout from the London Whale trading debacle and concerns over succession planning. Per a representative for one activist shareholder group quoted by the Journal, "I can't think of another company where independent board leadership would be a more useful correction for CEO hubris." But other shareholders believe splitting the roles could create more problems than it solves, reports Dealbook. Those interested in the general debate around having the same CEO and chairman should check out this American Banker video.

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