Broadridge Financial Solutions, Inc., agreed to enter into an agreement to introduce Pensions Investment Research Consultants Ltd. (PIRC) as the latest integrated vote recommendations and research provider on ProxyEdge, a proxy voting tool for institutional investors and investment companies. ProxyEdge users will be provided with an additional choice of recommendations, delivering additional efficiency and choice in the local UK and European markets.
Broadridge says it understands how important it is for investors to have the tools necessary to help ensure that the hundreds of thousands of proxies they are responsible for voting each year are voted thoughtfully, accurately and in a timely fashion.
“This is the logical next evolution of ProxyEdge’s existing integrated recommendation service with ProxyEdge,” says Geoff de Lesseps, senior vice president of business development, Broadridge. “Allowing institutions to choose from a variety of standard guidelines that meet their policy requirements or providing them with a new way to implement a set of custom guidelines should allow more market participants the ability to consistently and efficiently meet their voting objectives.”
ProxyEdge users will have the ability to execute ballots in accordance with standard PIRC and Governance Plus PIRC recommendations. Additionally, they will have the option to vote with PIRC recommendations or have them implement a custom policy tailored to an investor’s specifications.
The planned integration of PIRC analysis into ProxyEdge is part of Broadridge’s ongoing effort to give clients better, more flexible solutions for managing the entire proxy compliance process. Broadridge looks forward to continually making decision support tools from other leading providers available on its platform.