ISS launches GPD voting solution 18 July 2023UK Reporter: Lucy Carter
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Corporate governance and sustainable investment solutions producer Institutional Shareholder Services (ISS) has launched ISS Exchange, a voting solution for its Global Proxy Distribution (GPD) provision.
ISS Exchange joins the company’s outsourced solutions suite, designed to help custodians and wealth managers meet SRD II requirements. These include notifying clients when shareholder meetings occur and allowing them to vote on meetings in their portfolio.
The solution provides clients with information on their holdings in a streamlined format and facilitates voting, supported by ISS’ ballot generation and vote processing technology. It covers more than 68,000 shareholder meetings annually, across 118 markets. It is compatible with other ISS solutions, including benchmark and speciality research and ESG data.
Lorraine Kelly, ISS global head of investment stewardship solutions, says: “ISS Exchange allows custodians and wealth managers to offer clients a convenient solution to review meeting information and vote in a few easy steps. Our understanding of the complex market mechanics and local regulatory requirements, along with our global governance knowledge are key differentiators throughout our suite of solutions for custodians and wealth managers.”
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