May 6, 2015 / 3:01 PM / 4 years ago

ISS, Glass Lewis recommend JPMorgan shareholders vote against pay plan

May 6 (Reuters) - Two major proxy advisory firms, Glass Lewis & Co and ISS, recommended that JPMorgan Chase & Co’s shareholders vote against the bank’s executive compensation plan.

JPMorgan’s shareholders are scheduled to vote on the bank’s executive pay in a non-binding motion at its annual meeting on May 19.

Glass Lewis said its analysis indicated that JPMorgan was “deficient in aligning pay with performance.”

ISS said the reintroduction of a large discretionary cash bonus in Chief Executive Jamie Dimon’s pay mix without a compelling rationale has weakened the performance-basis of his pay. (Reporting by Neha Dimri and Amrutha Gayathri in Bengaluru; Editing by Kirti Pandey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below