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Stock impact report

U.S. bank investors put on mute as shareholder meetings go virtual [Reuters (UK)]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: Reuters
U.S. bank investors put on mute as shareholder meetings go virtual - Reuters 4 Min Read (Reuters) - Often rowdy and confrontational, this year’s bank shareholder meetings have so far been brief and uneventful as the annual gatherings move online amid U.S. coronavirus lockdowns. The shift is a welcome reprieve for the senior executives who field combative questioning or disruptive protests from shareholders and activists over business decisions. In 2018, JPMorgan Chase & Co ( JPM.N ) Chief Executive Jamie Dimon said the demonstrations had made the meetings a “complete waste of time.” But the change worries advocacy groups and retail investors for whom the meetings offer a rare chance to engage with bank leadership on critical corporate governance issues such as pay, diversity and sustainability. “It’s the once-a-year opportunity to engage with directors who are overseeing management and... to do so in a public forum where those directors are held accountable,” said Mike Mayo, a Wells Show less Read more
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