JPMorgan Chase is set to face a vote in the US on investments linked to genocide, after the Securities and Exchange Commission (SEC) threw out the firm’s request to exclude a shareholder proposal from a proxy ballot at its AGM. The SEC’s decision is one of the first under a new legal regime instituted by the Dodd-Frank Act, and clears the way for further resolutions on genocide and investment. JPMorgan claimed that the shareholders voting on the proposal, led by the Investors Against Genocide NGO, would not understand it, but the SEC disagreed and said the vote must be allowed to proceed.
Already a member? click here to login