Source: BNY Mellon Asset Servicing
BNY Mellon Asset Servicing, the global leader in asset servicing, announced that it has introduced a corporate governance reporting tool that alerts institutional investors of upcoming shareholder meetings, their positions in the companies holding these events, and share lending information.
BNY Mellon Asset Servicing has made this information available on the latest version of Workbench, its browser-based information delivery system.
BNY Mellon Asset Servicing clients, such as the State Board of Administration (SBA) of Florida, believe that this service will significantly facilitate their ability to track the many shareholder meetings for the vast number of companies in which they hold positions. It adds a new layer of information to allow them to improve corporate governance decision making and improves their ability to make informed proxy voting decisions.
"We continue to enhance and upgrade the Workbench information delivery system with features that are timely and important to our clients' success," said Vince Sands, executive vice president of BNY Mellon Asset Servicing. "Increasingly, clients are demanding more sophisticated services to supplement our existing offering and to better address issues such as corporate governance."