JPMorgan will soon issue a report outlining improved controls it has been enacting in the wake of recent missteps, including its role in the 2008 financial crisis, according to a shareholder activist who has seen a draft.
Reuters reports that the report could add pressure on other banks to show tangible changes to policies after a slew of scandals tainted the industry, according to the activist, Seamus Finn, chair of the board of the Interfaith Center on Corporate Responsibility.
The report details policy changes, including guidelines on when the bank can claw back executives bonuses, specifics about how it manages risk, and details about the responsibilities of its board of directors, Finn said.
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