JPMorgan Chase & Co. (JPM): Chasing The CEO Out Of The Chairman Seat

So far in the voting tallies this proxy season, majority approval is nowhere to be found for these proposals agitating for independent chairs. However, at some companies, the votes in favor are creeping closer. A few of the impressive favorable tallies this year: International Business Machines Corp. (NYSE:IBM) (44%), Honeywell International Inc. (NYSE:HON) (43%), and The Boeing Company (NYSE:BA) (42%). Venturing that close to the 50% mark is a big deal when shareholder votes on topics like these hardly added up to a blip on the radar years ago.

Common sense, not controversy
Dimon could lose his seat as chairman at JPMorgan Chase & Co. (NYSE:JPM) simply because of his newly tarnished reputation. Separating the roles is about more than that, but it should be interesting to see how the bank’s shareholders vote. The attention to the issue may help move more investors collectively closer to the realization that the policy paves way for a more robust board of directors to represent their interests. That’s about common sense, not controversy.

Still, slowly but surely, progress is being made. Remember to check those shareholder proposals on your proxy cards, and vote accordingly. Over the long haul, the returns you save may be your own.

The article Points to Ponder During Proxy Season originally appeared on Fool.com and is written by Alyce Lomax.

Alyce Lomax has no position in any stocks mentioned. The Motley Fool recommends Johnson & Johnson. The Motley Fool owns shares of General Electric, International Business Machines (NYSE:IBM)., Johnson & Johnson, and JPMorgan Chase.

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