JPMorgan Chase & Co. Chief Executive Jamie Dimon addressed inequality, racism and corporate responsibility in his annual letter to shareholders, according to MarketWatch.

Hours later, the JPMorgan board, which he chairs, urged shareholders to vote against a proposal for a racial-equity audit, the article says.

JPMorgan Chase is one of a handful of the nation’s biggest banks being urged to conduct racial-equity audits to examine how their practices and policies affect nonwhite customers and communities of color in the wake of last year’s Black Lives Matter protests, MarketWatch reports.

Read the full article here.