UK - Automatic Data Processing has launched a new proxy voting disclosure solution aimed at pension funds and investment advisers.
ADP Investor Communication Services’ new product, Proxy-Disclosure, covers multiple fund managers and custodians to provide a single view of voting activity. The service was launched earlier this year in the US in response to regulations covering voting disclosure.
The service is being made available internationally in response to growing demand for transparency.
ADP Europe and Asia president Bruce Babcock said while voting disclosure was not a regulatory requirement, the global drive for increased governance meant demand was growing.
The solution also offers the use of fund-branded websites for the disclosure of fund voting activity.
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