JPMorgan shareholders reject 6 investor bids, including on fossil fuel financing

JPMorgan Chase & Co. shareholders rejected all six investor proposals raised for voting during their latest annual meeting.

The proposal on curtailing further fossil fuel supply financing was voted down by 88.44% of the voting shareholders, with only 9.97% voting in favor of it, according to a regulatory filing.

In line with this, 83.09% of the votes cast were against a related proposal to set absolute contraction targets for financed greenhouse gas emissions, versus 15.3% for "yes" votes.

The shareholders also turned down a proposal for the company to have an independent board chairman, as well as a proposal on board diversity. The latter received 95.17% of votes against it.

The proposals to convert JPMorgan into a public benefit corporation and to authorize shareholders with a combined 10% outstanding common shares in the company to call a special stockholders' meeting were also rejected. Of the cast shareholder votes, 98.63% were not in favor of the public benefit corporation bid.

As previously reported, shareholders also voted against CEO Jamie Dimon's $50 million bonus, which garnered only 31% of shareholder support, though that vote was nonbinding.