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January 27, 2023

Ex-KPMG Chairman Tim Flynn Still Has Some Game Left

According to Institutional Shareholder Services, TFly is only member of JPMorgan's risk policy committee who is meeting expectations: 

An influential shareholder advisory firm has recommended that investors withhold their support for three JPMorgan Chase directors, citing “material failures of stewardship and risk oversight” in the wake of a big trading loss last year. The firm, Institutional Shareholder Services, or I.S.S., urged shareholders not to vote for three directors who serve on the board’s risk policy committee — David M. Cote, James S. Crown and Ellen V. Futter. The results of the vote will be announced at the bank’s annual meeting later this month. […] The only member of the risk policy committee who is being backed is Timothy Flynn, a former KPMG executive who was appointed in August 2012 as part of the board and bank’s efforts to improve oversight and controls in the wake of the London trading loss.

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