Nuarca transforms proxy voting using blockchain
ibm.com
Nuarca transforms proxy voting using blockchain
Proxy voting for corporate decision making has long been a costly and time-consuming process. Objecting beneficial owners (OBOs), whose defining characteristic is an unwillingness to giving up their voting anonymity, are a particularly problematic set of proxy voters. Nuarca teamed with IBM to implement a blockchain voting network solution ...
Jun 13, 2019
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JPMorgan said its asset management division has fully parted ways with controversial proxy advisors for shareholder votes. In an internal memo, the firm said it no longer needs third-party data collection or voting recommendations. Instead, it launched an artificial intelligence tool, Proxy IQ, to aggregate and analyze proxy data from 3,000 annual company meetings. Read more: cnb.cx/45164je | CNBC
JPMorgan said its asset management division has fully parted ways with controversial proxy advisors for shareholder votes. In an internal memo, the firm said it no longer needs third-party data collection or voting recommendations. Instead, it launched an artificial intelligence tool, Proxy IQ, to aggregate and analyze proxy data from 3,000 annual company meetings. Read more: cnb.cx/45164je | CNBC
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