Insurgents Denied Access to Early Vote Tallies

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Broadridge Financial Solutions, Inc. (“Broadridge”), the leading U.S. firm that distributes materials on behalf of banks and brokers and collects shareholder ballots, recently decided to stop sharing real-time polling information with investors that sponsor shareholder proposals.

Broadridge’s announcement came only a few days before the conclusion of a highly publicized and contentious campaign to strip Jamie Dimon, the head of JPMorgan Chase & Co. (“JPMorgan”), of his title as chairman. As a result of Broadridge’s decision, Dimon and JPMorgan’s board of directors continued to receive updates on incoming votes, while the investors that sponsored the shareholder proposal did not.

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Topics:  Board of Directors, Brokers, CII, Investors, Jamie Dimon, JPMorgan Chase, Polling, SEC, Shareholder Votes, SIFMA

Published In: Business Organization Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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