JPMorgan to consider changes to pay

JPMorgan’s board will consider changes to compensation policies for top executives after a record low percentage of shareholders approved their latest pay packages.

Bloomberg News reports that 61% voted in favour of the measure at Tuesday’s annual meeting in Detroit, based on a preliminary tally.

That’s the lowest since so-called say-on-pay proposals were started at the bank in 2009, and down from 79% last year and 94% in 2013, data compiled by Bloomberg show.

JPMorgan awarded CEO Jamie Dimon $20m for 2014, including $7.4m in cash. Proxy advisers Institutional Shareholder Services and Glass Lewis recommended investors vote against the pay resolution.

To access the complete Bloomberg News article hit the link below:

JPMorgan Mulls Pay Changes After Record Low Investor Support

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