J.P. Morgan Faces Votes on Lobbying, Governance

Ahead of the banking giant’s annual meeting on Tuesday, the Free Enterprise Action Fund is trying to round up shareholder support for a proposal that would force J.P. Morgan to lay out the rationale behind its public policy agenda — especially as relates to lobbying on greenhouse gas regulations. The group argues in a press release that J.P. Morgan’s current policy “seems unduly influenced, if not driven, by anti-business activists, rather [than] management’s use of due diligence and sound business judgment.”