ADP Investor Communication Services has launched an improved version of its ProxyEdge, a proxy voting application for investors.
The updated web-based version features integrated voting recommendations and research with Glass, Lewis & Co.
“The 2,700 institutions that make ProxyEdge the most widely used voting tool in the world today use it because it makes the entire voting process more efficient in terms of cost, time and compliance,” says Geoff de Lesseps, senior vice president of ADP ICS. “We are always looking to increase the value we deliver to our clients. Providing them with this best-of-breed integrated solution delivers a whole new level of efficiency and choice.”
“This is the logical next evolution of ProxyEdge’s existing standing instructions functionality for institutional investors,” says Kevin Cameron, president of Glass Lewis. “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.”