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.Learn More
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.Learn More
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.Learn More
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.Learn More
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 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 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.
The Board may establish committees for specific purposes (“Specific Purpose Committees”). The Board currently has four such committees:
- BSA/AML (Bank Secrecy Act/Anti-Money Laundering) Compliance Committee
- FX (Foreign Exchange)/Markets Orders Compliance Committee
- Omnibus Committee
- Trading Compliance Committee
Specific Purpose Committees may provide oversight of specific aspects of our control agenda or serve any other purpose as the Board may determine.