Broadridge Financial Solutions, Inc. and InGovern Research Services Pvt. Ltd today paired for the sale and distribution of InGovern’s proxy research and vote recommendations for listed Indian companies through Broadridge’s ProxyEdge voting platform.
This will immediately allow institutional investors who are current users of the ProxyEdge platform access to insights on governance of listed companies in India. Also, this will enable institutional investors to exercise their votes at shareholder meetings of Indian companies in a more informed manner.
“Broadridge is a leader in the area of investor communications with a number of offerings for retail and institutional investors, especially for electronic voting, V. Laxmikanth, managing director of Broadridge Financial Solutions in India, says. ProxyEdge, our leading platform, serves more than 3,500 institutions globally and carries vote recommendations from multiple agencies. Having a link on our platform with InGovern to offer vote research and recommendations for listed Indian securities enhances our offering to our institutional clients globally. We are very excited about this relationship.”
Shankar Jaganathan, adviser to InGovern and leading corporate governance expert, adds: “The alliance of InGovern and Broadridge has enormous potential for institutional investors owning listed Indian securities. For the first time, investors can access Indian voting recommendations from corporate governance specialists on the Broadridge ProxyEdge platform. Institutional fund managers have a fiduciary duty to their investors to actively campaign for better corporate governance, and this alliance provides them with the necessary inputs.”
(CM)