<div id="readability-page-1"><div><ul><li>Key Insight: At JPMorgan's annual shareholder meetings, support for so-called &#34;lobbying alignment&#34; has declined since the early 2020s. </li><li>Supporting Data: At the company's 2026 meeting, one such proposal received 13.2% of the vote, down from the 31.6% that supported a similar measure in 2023.</li><li>Expert Quote: &#34;The company risks reputational damage by funding organizations that lobby against climate legislation and diversity.&#34; — Father Seamus Flinn, investment specialist at the Missionary Association of Mary Immaculate</li></ul>JPMorganChase shareholders are showing conspicuously less appetite for requiring the bank to match its lobbying efforts to its public statements.At the company's annual shareholders meeting on Monday, one shareholder proposal called for a report on &#34;the alignment of JPMorgan's lobbying and public policy advocacy with its stated public policy positions.&#34; It received 13.2% of the vote — less than half the vote for a similar measure three years ago.In a recorded statement played during Monday's meeting, Father Seamus Finn of the Missionary Association of Mary Immaculate, a Catholic organization, argued that JPMorgan is hurt when its support for outside lobbying groups &#34;may undercut our public positions on key issues.&#34;For example, Finn said, the nation's largest bank has vocally supported climate action and LGBTQ rights. But at times, JPMorgan has also belonged to or funded trade associations and other organizations that work against those causes, creating the risk of an embarrassing contradiction, he argued.&#34;The company risks reputational damage by funding organizations that lobby against climate legislation and diversity,&#34; Finn said. &#34;This resolution asks for more careful review by top management of such misalignment.&#34;That argument proved unpersuasive to about 87% of the voting shareholders, who either voted against it or abstained. JPMorgan has not yet released the exact tally.The fact that the measure failed was not unusual. Since 2020, four shareholder proposals making similar demands, including this year's, have been roundly rejected by JPMorgan's shareholders.But Monday's results marked a steep drop from earlier this decade, when almost one-third of voters supported such measures. In 2023, a shareholder proposal requested a &#34;report analyzing the congruence of the company's political and electioneering expenditures.&#34; That proposal won 31.6% of the vote.And in 2021, roughly the same proposal — calling for a report on the &#34;congruency of political and electioneering expenditures&#34; with the bank's public statements — received 29.5% support.One factor that has changed in the past three years is the political environment. Under the Biden administration, the Securities and Exchange Commission made it easier for shareholders to raise proposals on social and political issues at annual meetings, fostering a culture that encouraged corporate activism.But the Trump administration has moved forcefully in the opposite direction, loosening the standard by which companies can exclude shareholder proposals. Meanwhile, SEC Chairman Paul Atkins has repeatedly said shareholder meetings should only focus on matters of &#34;material&#34; importance to the business.&#34;In the past few proxy seasons, perhaps nothing has epitomized the politicization of shareholder meetings more than shareholder proposals focused on environmental and social issues,&#34; Atkins said in a 2025 speech. &#34;These proposals consume a significant amount of management's time and impose costs on the company.&#34;For its own part, JPMorgan urged shareholders to vote against the lobbying alignment report, arguing that it would be redundant to information the bank already discloses.&#34;Because we already provide detailed disclosures about our lobbying activities, trade association memberships and governance and oversight practices, the requested report would not provide shareholders with meaningful additional information and would incur unnecessary expense,&#34; the bank's board wrote in its proxy statement.Another shareholder proposal put forward on Monday was to separate JPMorgan's CEO and board chair roles — a measure that several big banks, including Bank of America, have considered in recent years. That proposal failed as well, but received a more substantial 35.1% of the vote, down slightly from 36.6% last year.</div></div>

摩根大通

美国经纪商&证券交易所 ETF - iShares

金融业 ETF - Vanguard

金融指数 MSCI ETF - Fidelity

金融业 ETF - SPDR

摩根大通的股东在最近的年度会议上拒绝了一项关于增加游说透明度的提案，仅获得了 13.2% 的支持，较 2023 年的 31.6% 大幅下降。批评者，包括塞缪斯·芬恩神父，警告称，由于游说活动与气候和多样性方面的公开声明不一致，可能会带来声誉风险。该银行辩称，现有的披露已足够。另一项关于分开首席执行官和董事会主席职务的提案也未能通过，仅获得 35.1% 的支持

JPMorgan shareholders reject call for more lobbying disclosures

American Banker

Defiance Daily Target 2X Long JPM ETF

美国银行

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

摩根大通的股东拒绝了要求增加游说活动披露的提议