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Thursday, February 13, 2003|
JPMorgan Beefs Up Proxy Service
Fund firms are getting more help in handling their proxy votes. JPMorgan Investor Services is enhancing its global proxy voting services to help institutional investors meet their corporate governance responsibilities.
The enhanced tools include a Web-based interface that notifies fund firms of corporate meetings. Users of the tool can then input their voting instructions and receive detailed reports for use in their reports, explained a spokesperson for JPMorgan. The service also features round-the-clock customer service and works with the Crest electronic voting system used in the United Kingdom. The service also features online power-of-attorney documentation handling.
"The new proxy services gives clients information at their fingertips and enables them to effectively manage their proxy voting responsibilities online," said Jon M. Divis, securities processing executive, JPMorgan Investor Services.
The bank was already working on the upgrades prior to the SEC's recent decision to require funds to disclose their proxy votes, according to the spokesperson.
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