JPMorganInvestor Services has responded to the growing focus on corporate governance by launching a global proxy voting service.
The service offers clients a web portal for agenda notifications and voting instructions, online standing instruction maintenance, online vote activity reporting, 24-hour customer service and online access to issuer-driven information.
Obligations on institutional investors to vote their proxies continues to grow. In the US, the Sarbanes-Oxley Act was recently passed and the Securities and Exchange Commission now requires mutual funds to disclose proxy votes and voting policies.
