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LAKE SUCCESS, New York -- November 15, 2007 -- Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that it agrees 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 plans to feature PIRC recommendations, because they are the UK's leading independent research and advisory consultancy providing services to institutional investors on corporate governance and corporate social responsibility.
Broadridge 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.
Forward-Looking Statements
This press release and other written or oral statements made from time to time by representatives of Broadridge may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, such as our fiscal year 2011 financial guidance, and which may be identified by the use of words like “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be” and other words of similar meaning, are forward-looking statements. These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended June 30, 2010 (the “2010 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange Commission. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the 2010 Annual Report. These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; the pricing of Broadridge’s products and services; changes in laws and regulations affecting the investor communication services provided by Broadridge; declines in participation and activity in the securities markets; overall market and economic conditions and their impact on the securities markets; any material breach of Broadridge security affecting its clients’ customer information; the failure of Broadridge’s outsourced data center services provider to provide the anticipated levels of service; any significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s services; Broadridge’s failure to keep pace with changes in technology and demands of its clients; Broadridge’s ability to attract and retain key personnel; the impact of new acquisitions and divestitures; and competitive conditions. Broadridge disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
About PIRC
PIRC is the UK's leading independent research and advisory consultancy providing services to institutional investors on corporate governance and corporate social responsibility. Since 1986, it has been the pioneer and champion of good corporate governance with the UK. PIRC provides European local market expertise through a partnership of eight specialist corporate governance and corporate responsibility research groups (ECGS) www.pirc.co.uk.
To contact media relations, please email us at mediarelations@broadridge.com.
