Oblates Press Banks to Restore Public Trust
May 21st, 2014
Fr. Seamus Finn OMI represented the Missionary Oblates of Mary Immaculate and other members of the Interfaith Center on Corporate Responsibility (ICCR) at the Annual General Meeting of JP Morgan Chase in Tampa on Tuesday.
Fr. Finn commended the bank on the steps taken thus far to produce a report commissioned by the Board of Directors in response to an ICCR shareholder proposal. The report is to describe “the steps that the Firm has taken to address a number of challenges it faced” since the near collapse of the global financial system in 2008.
Fr. Finn noted that “too many people are still living with the consequences of that crisis and the TRUST and confidence of the public has neither been repaired or restored. We believe the report that we have requested and our company has agreed to complete over the coming months can, when its recommendations are implemented, make a contribution to the restoration of the trust that is necessary for the reliable, safe, effective and ethical functioning of the financial system.”
Read the complete Statement at JP Morgan Chase AGM