Washington Post

Activist shareholders pressing companies to disclose more of their political activity after Capitol attack

In the wake of the Capitol attack, companies are facing more acute pressure to act. Foto: AP/Manuel Balce Ceneta

A day after JPMorgan Chase announced it would freeze its political contributions in the wake of the Jan. 6 attack on the U.S. Capitol, the nation's largest bank made a quiet move indicating it may not be eager to overhaul how it does business in Washington.

The company wrote the Securities and Exchange Commission asking the agency to block activist investors from forcing the bank to provide a fuller accounting of its political spending. Specifically, the shareholders, organized by social impact investment firm Rhia Ventures, want JPMorgan to report on how its campaign giving squares with its stated commitment to a lofty set of values...

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