JPMorgan's asset management will no longer use controversial proxy advisors for shareholder votes

JPMorgan Asset Management, overseeing $2.96 trillion, announced it will cease using Institutional Shareholder Services (ISS) and Glass Lewis for proxy voting advice, opting instead for an in-house team to guide its shareholder votes. This shift reflects a growing trend among large asset managers to internalize proxy advisory functions, potentially influencing corporate governance directly and reducing reliance on third-party recommendations.