Proxy advisor ISS supports the pay plan for JPMorgan CEO Dimon By Reuters

© Reuters. FILE PHOTO: Jamie Dimon, CEO of JPMorgan Chase, speaks at the North American Construction Union (NABTU) Legislative Conference 2019 in Washington, USA on April 9, 2019. REUTERS / Jeenah Moon

BOSTON (Reuters) – Proxy advisor Institutional Shareholder Services on Wednesday recommended that investors cast advisory votes on the compensation of Jamie Dimon, CEO of JPMorgan Chase & Co (NYSE :), at the bank’s annual meeting on May 18.

ISS said “cautious support” for the pay of Dimon and other executives is warranted despite concerns about the discretion of the bank’s remuneration committee.

The proxy advisor also recommended that shareholders run all directors of the bank for election despite opposition from climate activists.

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