Sarbanes-Oxley Prompts JP Morgan Upgrade
COMPLIANCE
The firm says that for years industry proxy voting systems have been so poor that automation hasn’t been worth the effort--until now.
When JP Morgan Investor Services, one of the largest global custodians, combed through the new electronic audit trail rules required under the Sarbanes-Oxley Act and then took a look at its proxy voting management process that still relied on faxes, it decided it was time for an upgrade.
A recent study performed by the British depository organization CREST found
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