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The Board as a whole is responsible for the oversight of management on behalf of the Firm’s stockholders. The Board accomplishes its functions acting directly and through its committees.
The Audit Committee assists the Board in its oversight of management’s responsibilities to assure that there is an effective system of controls reasonably designed to safeguard the assets and income of the Firm, assure the integrity of the Firm’s financial statements and maintain compliance with the Firm’s ethical standards, policies, plans and procedures, and with laws and regulations. In addition, the Audit Committee assists the Board in its oversight of the Firm’s independent registered public accounting firm and the Firm’s Internal Audit function.
Compensation & Management Development Committee
The Compensation & Management Development Committee reviews and approves the corporation’s compensation and benefit programs; ensures the competitiveness of these programs; provides oversight of the Firm’s compensation principles and practices and review of the relationship among risk, risk management and compensation in light of the Firm's objectives; and advises the Board on the development of and succession for key executives.
Corporate Governance & Nominating Committee
The Corporate Governance & Nominating Committee exercises general oversight with respect to the governance of the Board of Directors.
Public Responsibility Committee
The Public Responsibility Committee provides oversight and review of the Firm’s positions and practices on public responsibility matters such as community investment, fair lending, sustainability, consumer practices and other public policy issues that reflect the Firm’s values and character and impact the Firm’s reputation among all of its stakeholders.
The Risk Committee assists the Board in its oversight of management’s responsibility to implement an effective global risk management framework reasonably designed to identify, assess and manage the Firm’s strategic, credit and investment, market, and operational risks. The Risk Committee’s responsibilities include approval of applicable primary risk policies and review of certain associated frameworks, analysis and reporting established by management.
Other Board Committees
In addition to the above principal standing committees, the Board has a Stock Committee and a Board-level Executive Committee.
The Stock Committee
The Stock Committee consists of Jamie Dimon. The committee is responsible for implementing the declaration of dividends, authorizing the issuance of stock, administering the dividend reinvestment plan and implementing share repurchase plans. The committee acts within Board-approved limitations and capital plans.
The Executive Committee
The committee consists of the Chairman/CEO and the chairs of the Board's five principal standing committees. It may exercise all the powers of the Board that lawfully may be delegated but with the expectation that it would not take material actions absent special circumstances.
Specific Purpose Committees
The Board may establish committees for specific purposes (“Specific Purpose Committees”). The Board currently has two such committees:
- Markets Compliance Committee
- Omnibus Committee
Specific Purpose Committees may provide oversight of specific aspects of our control agenda or serve any other purpose as the Board may determine.
Board of Directors
The Board of Directors of JPMorgan Chase & Co. currently has 10 members. Learn more about the Board Directors and the Committees they provide leadership for.