A conservative shareholder has pulled a resolution calling on JPMorgan to report how its policies based on religious or political views affect employees. A representative for the shareholder says the resolution was pulled because JPMorgan has made steps to pull back from political tests for customers.
Jeremy Tedesco, a senior counsel at Alliance Defending Freedom, warns that many financial institutions have DEI policies that could affect customers. Mr. Tedesco explains why JPMorgan’s dropping a controversial policy and other steps is progress.