April 8, 2021

From ‘chairman’ to ‘chair’: J.P. Morgan’s bylaws get a gender-neutral update

[] JPMorgan makes bylaws gender-neutral, swapping 'chairman' for 'chair' | Fortune© 2020 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our u003ca href="https://fortune.com/terms-of-use/">Terms of Useu003c/a> and u003ca href="https://fortune.com/privacy-policy/">Privacy Policyu003c/a> | u003ca href="/california-privacy-policy/#notice">CA Notice at Collection and Privacy Noticeu003c/a> | u003ca href="https://fortune.com/right-to-opt-out/">Do Not Sell My Personal Informationu003c/a> | u003ca href="http://preferences-mgr.trustarc.com/?pid=fortunemedia01&aid=fortunemedia01_pub&type=fortunemedia">Ad Choices u003c/a>u003cbr />nFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.u003cbr />nQuotes delayed at least 15 minutes. 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","type":"post"},"children":[{"name":"byline","config":{"link":"https://fortune.com/author/shawn-tully/","name":"Shawn Tully"},"children":[]},{"name":"image","config":{"aspectRatio":0.6666666666666666,"attachmentId":2958290,"alt":"Rising Interest Rates-Graph Concept","caption":"Rising interest rates could be a killer for stocks.","crops":[],"height":1920,"imageSize":"article-sidebar","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2021/02/Rising-Interest-Rates-Graph-Concept-GettyImages-1303546981.jpg?quality=60&resize=60,40","postId":2958044,"retina":true,"showCaption":false,"sources":[{"default":true,"transforms":{"resize":[130,86]},"descriptor":100}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2021/02/Rising-Interest-Rates-Graph-Concept-GettyImages-1303546981.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2021/02/Rising-Interest-Rates-Graph-Concept-GettyImages-1303546981.jpg?resize=260,172 200w,https://content.fortune.com/wp-content/uploads/2021/02/Rising-Interest-Rates-Graph-Concept-GettyImages-1303546981.jpg?resize=130,86 100w","url":"https://content.fortune.com/wp-content/uploads/2021/02/Rising-Interest-Rates-Graph-Concept-GettyImages-1303546981.jpg","useBasicImg":false,"usingDataFallback":false,"width":2880,"fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"100px"},"children":[]},{"name":"byline","config":{"link":"https://fortune.com/author/shawn-tully/","name":"Shawn Tully"},"children":[]}]}]},{"name":"advertising-slot","config":{"align":"center","lazyload":true,"useDynamicChannel":false,"placementName":"RightRailFlex_Articles","slotId":"RightRailFlex_Articles1","themeName":"article","targeting":{"placement_name":"RightRailFlex_Articles","index":2}},"children":[]},{"name":"dianomi","config":{"type":"sidebar"},"children":[]},{"name":"advertising-slot","config":{"align":"center","lazyload":true,"useDynamicChannel":false,"placementName":"RightRailFlex_Articles","slotId":"RightRailFlex_Articles2","themeName":"article","targeting":{"placement_name":"RightRailFlex_Articles","index":3}},"children":[]}]},{"name":"article-media","config":{"publishDate":"","type":"image","section":"Newsletters"},"children":[{"name":"image","config":{"aspectRatio":0.6666666666666666,"attachmentId":2967215,"alt":"JP Morgan Logo In NY","caption":"J.P. Morgan on Tuesday updated its bylaws to remove any gender designation. ","crops":[],"height":683,"imageSize":"article-featured-image","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2021/03/GettyImages-1198656789.jpg?quality=60&resize=60,40","postId":2967174,"retina":true,"showCaption":true,"sources":[{"transforms":{"resize":[750,500]},"descriptor":750,"media":{"min":"lg"}},{"transforms":{"resize":[500,333.34]},"descriptor":500,"media":{"min":"md"}},{"transforms":{"resize":[375,250]},"descriptor":375,"media":{"max":"md"}}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2021/03/GettyImages-1198656789.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2021/03/GettyImages-1198656789.jpg?resize=1500,1000 1500w,https://content.fortune.com/wp-content/uploads/2021/03/GettyImages-1198656789.jpg?resize=750,500 750w,https://content.fortune.com/wp-content/uploads/2021/03/GettyImages-1198656789.jpg?resize=1000,666 1000w,https://content.fortune.com/wp-content/uploads/2021/03/GettyImages-1198656789.jpg?resize=500,333 500w,https://content.fortune.com/wp-content/uploads/2021/03/GettyImages-1198656789.jpg?resize=750,500 750w,https://content.fortune.com/wp-content/uploads/2021/03/GettyImages-1198656789.jpg?resize=375,250 375w","url":"https://content.fortune.com/wp-content/uploads/2021/03/GettyImages-1198656789.jpg","useBasicImg":false,"usingDataFallback":false,"width":1024,"credit":"Nicolas Economou—NurPhoto/Getty Images","fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"(min-width: 64rem) 750px,(min-width: 48rem) 500px,(max-width: 48rem) 375px,100vw"},"children":[]}]},{"name":"article-body","config":{"mediaType":"image","premiumCategory":"P-Newsletter"},"children":[{"name":"gutenberg-content","config":{},"children":[{"name":"html","config":{"content":" u003cp>u003cem>This is the web version of u003ca rel="noreferrer noopener" href="https://mynewsletters.fortune.com/broadsheet" target="_blank">The Broadsheetu003c/a>, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.u003c/em>u003c/p> u003ca href="https://fortune.com/company/2875077" target="_blank">u003c/a>n u003cp>u003cem>Good morning, Broadsheet readers! Six Asian women are killed in Atlanta shootings, single moms in China are fighting for their rights, and one bank's bylaws get a more inclusive update. Have a thoughtful Wednesday. u003c/em>u003c/p> u003cp class="p1">u003cstrong>- Pull up a chair.u003c/strong> Job titles have always been one barometer of corporate zeitgeist. See the emergence of u003ca href="https://www.livemint.com/companies/people/teslas-technoking-musk-joins-long-line-of-odd-job-titles-11615916098601.html">chief happiness officers, chief futuristsu003c/a>, and—who could forget?—u003ca href="https://nymag.com/intelligencer/2019/10/shingy-reflects-on-his-time-at-aol-and-whats-next.html">digital prophetsu003c/a>. This week has already been a busy one on the title front, u003ca href="https://fortune.com/2021/03/15/tesla-sec-musk-now-technoking/">with Tesla telling the SEC that CEO Elon Musk is also the company'su003cem> u003c/em>'Technoking.u003c/a>' u003ca href="https://fortune.com/company/tesla" target="_blank">Teslau003c/a> CFO Zach Kirkhorn got a second title too: 'Master of Coin.'u003c/p> u003cp class="p1">Then came u003ca href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000019617/000001961721000243/jpm-20210316.htm">an SEC filingu003c/a> from J.P. Morgan Chase that was, um, subtler in tone. The bank u003ca href="https://www.sec.gov/Archives/edgar/data/0000019617/000001961721000243/jpmcbylaws2021march15mar.htm">updated its bylawsu003c/a> to eliminate any gender designation. That means its "chairman" role is now called simply "chair," and it deleted a line that read: "The masculine gender, where appearing in these by-laws, shall be deemed to include the feminine gender." It also swapped "his," "him," and "her" pronouns for gender-neutral terms throughout the document.u003c/p> u003cp class="p1">The changes no doubt u003ca href="https://www.bloomberg.com/news/articles/2021-03-17/jpmorgan-bylaws-go-gender-neutral-amid-diversity-pressure?sref=AGYpi2Ba">are an effortu003c/a>, however small, to show that J.P. Morgan is an inclusive business dedicated to diversity—a stance that aligns with investor demands and, more and more, societal expectations. The tweaks u003ca href="https://www.bloomberg.com/news/articles/2021-03-17/jpmorgan-bylaws-go-gender-neutral-amid-diversity-pressure?sref=AGYpi2Ba">also reflect an encouraging trendu003c/a> at J.P. Morgan; that leadership positions are not reserved for men. The bank is led by longtime CEO Jamie Dimon, u003ca href="https://www.jpmorganchase.com/about/our-leadership">but 40% of its board is femaleu003c/a>, as is 44% of its operating committee, (u003ca href="https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/documents/workforce-composition-disclosure.pdf">though men still dominate its executive and senior-level ranks in the U.S.u003c/a>)u003c/p> u003cp>u003ca href="https://fortune.com/2020/11/17/zurich-job-listings-women-hires-diversity/">Research into job listingsu003c/a> shows us that the language we use to describe a profession and its duties can u003ca href="https://fortune.com/2020/11/17/zurich-job-listings-women-hires-diversity/">dictate who applies for a given roleu003c/a>. And while company bylaws are far from a job advert, it's important that they too hold no preconceived notion about who's qualified to wield power—now or in the future. u003c/p>u003cp>u003c!-- piano selector -->u003c/p>u003cdiv class="paywall"> u003cp>u003cem>Claire Zillmanu003cbr>claire.zillman@fortune.comu003cbr>@clairezillmanu003c/em>u003c/p> u003cp>u003cem>The Broadsheet, Fortune's newsletter for and about the world's most powerful women, is coauthored by u003ca href="https://twitter.com/kayelbee">Kristen Bellstromu003c/a>, u003ca href="https://twitter.com/_emmahinchliffe">Emma Hinchliffeu003c/a>, and u003ca href="https://twitter.com/clairezillman">Claire Zillmanu003c/a>. Today's edition was curated by u003ca href="https://twitter.com/clairezillman">Claire Zillmanu003c/a>. u003c/em>u003c/p> u003ch3>ALSO IN THE HEADLINESu003c/h3>nu003cp>u003cstrong>– Shooting spreeu003c/strong>u003cstrong>.u003c/strong> Six Asian women were among the eight people killed in shootings at three Atlanta-area massage parlors on Tuesday night. Police arrested a 21-year-old man, who’s the suspect in all three shootings. Authorities have not determined a motive, but the tragedy comes as the U.S. faces a surge in hate incidents against Asian-Americans. u003cem>u003ca href="https://www.nytimes.com/2021/03/16/us/atlanta-shootings-massage-parlor.html?action=click&module=Top%20Stories&pgtype=Homepage">New York Timesu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– Landmark rulingu003c/strong>u003cstrong>.u003c/strong> A Japanese district court on Wednesday ruled that a ban on same-sex marriage is unconstitutional, a precedent-setting decision in the only G7 nation to not fully recognize same-sex partnerships. u003cem>u003ca href="https://www.reuters.com/article/us-japan-lgbt-marriage-ruling/in-landmark-ruling-japan-court-says-not-allowing-same-sex-marriage-is-unconstitutional-idUSKBN2B909X?il=0">Reutersu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– Miller timeu003c/strong>u003cstrong>.u003c/strong> Agricultural giant Cargill hired its first female chief financial officer, announcing Tuesday that Jamie Miller will join the 156-year-old firm in June. Miller, previously CFO at General Electric, is only the second outsider to join Cargill as CFO; the company usually promotes from within. Miller’s hiring is the latest management shakeup at Cargill. When all the changes take effect, the 12-person executive team will include five women. u003cem>u003ca href="https://www.bloomberg.com/news/articles/2021-03-16/world-s-largest-crop-trader-cargill-names-its-first-female-cfo?sref=AGYpi2Ba">Bloombergu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– Cuomogateu003c/strong>u003cstrong>.u003c/strong> The latest allegation against u003ca href="https://www.nytimes.com/2021/03/16/nyregion/cuomo-lindsey-boylan.html?action=click&module=Top%20Stories&pgtype=Homepage">Andrew Cuomo is that his team circulated a letteru003c/a> (which was never made public) that sought to discredit Lindsey Boylan after she accused the New York governor of sexual harassment. A Cuomo advisor declined to comment to the u003cem>NYTu003c/em> on the letter. Meanwhile, President u003ca href="https://abcnews.go.com/Politics/cuomo-resign-allegations-confirmed-biden-exclusive-abc-news/story?id=76499093">Joe Biden said Tuesday that Cuomo should resignu003c/a> if an ongoing investigation confirms his accusers’ claims. u003c/p>nu003cp class="p1">u003cstrong>MOVERS AND SHAKERS: u003c/strong>Visa named u003cstrong>Michelle Gethers-Clarku003c/strong> chief diversity officer and head of corporate responsibility. Audible announced that u003cstrong>Leigh Zarelliu003c/strong> is joining the company as chief product officer. SoulCycle hired u003cstrong>Adwoa Dadzieu003c/strong>, previously of Comcast, as head of people. Audio-based social media app Clubhouse u003ca href="https://www.adweek.com/media/clubhouse-netflix-exec-maya-watson-global-head-of-marketing/">namedu003c/a> former Netflix exec u003cstrong>Maya Watsonu003c/strong> as head of global marketing. u003c/p>nu003ch3>IN CASE YOU MISSED ITu003c/h3>nu003cp>u003cstrong>– Clean-up jobu003c/strong>u003cstrong>.u003c/strong> The Afghan government and the Taliban have been engaged in peace talks since September. At the table is Fawzia Koofi, an Afghan lawmaker and women’s rights activist, who has survived two assassination attempts, including one by the Taliban. “We have a proverb that says—you cannot wash blood with another blood, you need water to wash blood,” Koofi says. “So we really need to pour a lot of water to clean up all the blood that has been shed in this country for decades.”u003cem> u003ca href="https://www.npr.org/2021/03/16/976182243/fawzia-koofi-on-afghan-peace-we-want-to-see-this-war-end-tomorrow">NPRu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– On their ownu003c/strong>u003cstrong>.u003c/strong> Single mothers in China have long been in a legal gray zone when they’ve attempted to collect public benefits like paid maternity leave and prenatal exam coverage; the paperwork often requires a marriage license. Now, a small group of advocates is pushing for legislative changes that recognize the rights of unmarried moms. u003cem>u003ca href="https://apnews.com/article/china-single-moms-denied-benefits-d7c841920b21331e7c18ca4f40e69b6a">Associated Pressu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– Baby newsu003c/strong>u003cstrong>.u003c/strong> A baby girl born in Florida to a mother who was vaccinated at 36 weeks has antibodies against COVID-19, according to a pre-print paper published last month. The authors believe their report is the first to indicate that mothers who are vaccinated during pregnancy can pass antibodies on to their babies. The report adds to growing—but still incomplete—research on COVID-19 vaccinations and pregnancy. u003cem>u003ca href="https://www.businessinsider.com/baby-has-covid-19-antibodies-from-vaccinated-mom-2021-3">Business Insideru003c/a>u003c/em>u003c/p>nu003ch3>ON MY RADARu003c/h3>nu003cp class="p1">u003cstrong>The lost story of Lady Bird u003c/strong>u003ca href="https://www.theatlantic.com/ideas/archive/2021/03/rediscovering-lbjs-top-adviser/618265/">u003cem>Atlanticu003c/em>u003c/a>u003c/p>nu003cp>u003cstrong>Racism causes high infertility in Black women u003ca href="https://qz.com/1980790/why-are-black-women-at-higher-risk-of-infertility/?utm_source=email&utm_medium=daily-brief&utm_content=02812ebf-856c-11eb-8146-862e272a4700">u003cem>Quartzu003c/em>u003c/a>u003c/strong>u003c/p>nu003cp>u003cstrong>Expecting a baby in 2021? You could end up with another $1,400 stimulus check u003c/strong>u003ca href="https://fortune.com/2021/03/16/stimulus-check-2021-update-having-a-baby-irs-stimulus-checks-who-qualifies/">u003cem>Fortuneu003c/em>u003c/a>u003c/p>nu003ch3>PARTING WORDSu003c/h3>nu003cp>u003ca href="https://www.wsj.com/articles/sister-jean-loyola-ncaa-tournament-101-years-old-11615855459?mod=hp_listc_pos2">“So often they’d stop in and someone would say, ‘I need a hug, Sister Jean.’ We’re a real hugging community.”u003c/a>u003c/p>nu003cp>– Sister Jean, the 101-year-old chaplain of Loyola-Chicago’s men’s basketball team, on what she’s missed out on during the pandemic. Fully vaccinated, she’ll be back on the sidelines of this year’s NCAA tournament. u003c/p>nu003c/div>n"},"children":[]}]}]},{"name":"advertising-slot","config":{"align":"center","lazyload":false,"useDynamicChannel":false,"placementName":"Outstream","slotId":"Outstream0","themeName":"article","targeting":{"placement_name":"Outstream","index":1}},"children":[]},{"name":"dianomi","config":{"type":"footer"},"children":[]}]}]}]}},"componentData":{},"error":null,"loading":false,"player":{"currentTime":0,"duration":0,"loading":false,"playing":false,"seek":0,"src":"","visible":false,"volume":0.5},"route":{"status":200,"redirectTo":"","redirectStatus":0,"action":"PUSH","pathname":"/2021/03/17/jpmorgan-bylaws-gender-neutral/","search":"?","hash":""},"visible":{"search":false,"primaryNav":false,"freestar":false,"adminBar":false},"contactForm":{"submitting":false,"submitted":false,"failed":false,"validation":{},"redirect":""},"user":{"isLoggedIn":false,"accessLevel":null}}; ]]> response.json()) .then(function (data) { signPackage = data; wx.config(data); wx.ready(function () { wx.updateTimelineShareData({ title: title, link: url, imgUrl: img, success: function () {}, cancel: function () {} }); wx.updateAppMessageShareData({ title: title, desc: desc, link: url, imgUrl: img, success: function () {}, cancel: function () {} }); wx.error(function (res) { //location.href = g_url; }); }); }) } }; script.src = "https://res.wx.qq.com/open/js/jweixin-1.6.0.js"; document.head.appendChild(script); } ]]> You need to enable JavaScript to view this site.
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