LAKE SUCCESS, NY -- (MARKET WIRE) -- 11/15/07 --
Broadridge Financial Solutions, Inc.
(NYSE: BR) today announced that it agrees to enter into an agreement to
introduce Pensions Investment Research Consultants Ltd. (PIRC) as the
latest integrated vote recommendations and research provider on
ProxyEdge®, a proxy voting tool for institutional investors and
investment companies. ProxyEdge users will be provided with an additional
choice of recommendations, delivering additional efficiency and choice in
the local UK and European markets.
Broadridge plans to feature PIRC recommendations, because they are the UK's
leading independent research and advisory consultancy providing services to
institutional investors on corporate governance and corporate social
responsibility.
Broadridge understands how important it is for investors to have the tools
necessary to help ensure that the hundreds of thousands of proxies they are
responsible for voting each year are voted thoughtfully, accurately and in
a timely fashion.
"This is the logical next evolution of ProxyEdge's existing integrated
recommendation service with ProxyEdge," says Geoff de Lesseps, Senior Vice
President of Business Development, Broadridge. "Allowing institutions to
choose from a variety of standard guidelines that meet their policy
requirements or providing them with a new way to implement a set of custom
guidelines should allow more market participants the ability to
consistently and efficiently meet their voting objectives."
ProxyEdge users will have the ability to execute ballots in accordance with
standard PIRC and Governance Plus PIRC recommendations. Additionally, they
will have the option to vote with PIRC recommendations or have them
implement a custom policy tailored to an investor's specifications.
The planned integration of PIRC analysis into ProxyEdge® is part of
Broadridge's ongoing effort to give clients better, more flexible solutions
for managing the entire proxy compliance process. Broadridge looks forward
to continually making decision support tools from other leading providers
available on its platform.
About Broadridge
Broadridge Financial Solutions, Inc., formerly ADP Brokerage Services
Group, with over $2.0 billion in revenues and more than 40 years of
experience, is a leading global provider of technology-based outsourcing
solutions to the financial services industry. Our integrated systems and
services include investor communication, securities processing, and
clearing and outsourcing solutions. We offer advanced, integrated systems
and services that are dependable, scalable and cost-efficient. Our systems
help reduce the need for clients to make significant capital investments in
operations infrastructure, thereby allowing them to increase their focus on
core business activities. For more information about Broadridge, please
visit www.broadridge.com.
Forward-Looking Statements
This press release and other written or oral statements made from time to
time by representatives of Broadridge may contain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995. Statements that are not historical in nature, such as our
fiscal 2007 guidance and our fiscal 2008 directional view, and which may be
identified by the use of words like "expects," "assumes," "projects,"
"anticipates," "estimates," "we believe," "could be" and other words of
similar meaning, are forward-looking statements. These statements are
based on management's expectations and assumptions and are subject to risks
and uncertainties that may cause actual results to differ materially from
those expressed. Factors that could cause actual results to differ
materially from those contemplated by the forward-looking statements
include: the ability of Broadridge to develop brand recognition and its
reputation with its clients and employees following its separation from ADP
in March 2007; Broadridge's success in obtaining, retaining and selling
additional services to clients; the pricing of Broadridge's products and
services; the incurrence of additional costs attributable to Broadridge's
operations as a stand-alone public company; Broadridge's ability to
continue to obtain data center services from ADP, as well as to obtain
transitional services from ADP for up to one year from the date of
Broadridge's spin-off from ADP; changes in laws affecting the investor
communications services provided by Broadridge; changes in laws regulating
registered clearing agencies and broker-dealers; Broadridge's debt levels
and financing costs, including the impact of its credit ratings on such
costs; overall market and economic conditions; competitive conditions;
financial market activity; changes in technology; availability of skilled
technical employees and the impact of new acquisitions and divestitures.
Broadridge disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events or
otherwise.
About PIRC
PIRC is the UK's leading independent research and advisory consultancy
providing services to institutional investors on corporate governance and
corporate social responsibility. Since 1986, it has been the pioneer and
champion of good corporate governance with the UK. PIRC provides European
local market expertise through a partnership of eight specialist corporate
governance and corporate responsibility research groups (ECGS)
www.pirc.co.uk.
Press Contact:
Tony DeMeo
Broadridge
One Park Avenue
New York, NY 10016
212-918-6919
Email Contact