JPMorgan Investor Services is to use the recently launched Crest service for electronic voting. It provides an end-to-end electronic process for all corporate actions, including meeting notification and vote instructions from the issuer’s agent to the institutional investor.
JPMorgan is using the service as part of its efforts to help clients meet the increasing corporate governance demands of the 2002 Sarbane-Oxley Act and the Securities and Exchange Commission’s decision requiring mutual funds to disclose proxy votes. JPMorgan offers a service for all securities through an intraday web portal, online standing instruction maintenance, online vote activity reporting, 24-hour customer service and online access to complementary issuer-driven information.
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