Vote no to bashing proxy advisers

NEW YORK, April 25 (Reuters Breakingviews) – Jamie Dimon is a busy man. Yet the JPMorgan (JPM.N), opens new tab boss found time to devote more than a page of his annual letter, opens new tab to shareholders this year to his disdain for two small companies: Institutional Shareholder Services and Glass Lewis. These shareholder advisory firms, tiny compared to the $550 billion U.S. bank Dimon runs, punch above their weight in influencing how companies and investors behave. Their impact is problematic, but they are not the problem.

Source: REUTER