Lake Success, New York – May 20, 2008 – Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it has added Japan Proxy Governance, Inc. (JPG) as the fourth vote recommendation provider to ProxyEdge®, a proxy voting tool for institutional investors and investment companies. This enhanced version of ProxyEdge features fully-integrated voting recommendations by JPG, located in Tokyo.
Broadridge aims to offer high quality recommendations by providing its clients with local research based on each country’s different corporate governance cultures, laws and codes. ProxyEdge users will now have an additional choice of recommendations, providing them with a new level of efficiency and choice in the Japanese market. JPG is a leading provider of analysis in Japan’s market and provides standard vote recommendations of Japanese meetings based on their voting criteria, internal policies, individual research, and Japanese corporate law and local business practices.
The integration of JPG analysis into ProxyEdge is part of Broadridge’s ongoing efforts to give clients better information and more flexible solutions for managing their entire proxy compliance process. ProxyEdge users will have the ability to execute ballots in accordance with standard JPG recommendations.
“This latest enhancement to ProxyEdge’s existing integrated recommendation services is designed to meet companies’ local proxy voting needs,” said Geoff de Lesseps, Senior Vice President of Business Development, Broadridge. “Our goal is to allow more market participants the ability to meet their voting objectives thoughtfully and efficiently.”
“We look forward to providing voting recommendations to Broadridge clients through ProxyEdge. We hope to provide international institutional investors, whether in Japan or elsewhere, with an efficient and effective basis for their decision-making, especially in fast-moving situations and markets where their vote is critical,” said Mr. Yoji Yoshioka, President and CEO of JPG.
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 16 countries.
For more information about Broadridge, please visit www.broadridge.com.
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Broadridge Financial Solutions, Inc.