Original Source Material
After CEO Jamie Dimon railed against the advisers for years, the bank’s asset management unit cut firms like ISS and Glass Lewis out of U.S. voting decisions.
JPMorgan eschews proxy advisers for internal AI tool
Summary
- JPMorgan's asset management unit has discontinued using proxy advisers like ISS and Glass Lewis for U.S. voting decisions.
- This move follows CEO Jamie Dimon’s long-standing criticism of these advisers.
Why It Matters for Texas Credit Unions
The article does not mention Texas specifically or directly impact Texas credit unions' operations in a regulatory or compliance manner.