JPMorgan eschews proxy advisers for internal AI tool

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Operational Brief

- JPMorgan's asset management unit has stopped using proxy advisers like ISS and Glass Lewis for U.S. voting decisions. - CEO Jamie Dimon had criticized these advisers for years.

Why It Matters for Texas Credit Unions

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Original Source Material

After CEO Jamie Dimon railed against the advisers for years, the bank’s asset management unit cut firms like ISS and Glass Lewis out of U.S. voting decisions.