eSecLending launches proxy service 26 January 2012Boston Reporter: Anna Reitman
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eSecLending has launched a new service which will help institutional investors evaluate the revenue considerations of recalling shares.
When participating in securities lending, institutional investors often find it challenging to effectively manage the dual objectives of revenue generation and corporate governance responsibility. So, in partnership with Institutional Shareholder Services (ISS), eSecLending designed the new service, ProxyValue, to apply securities lending performance information to proxy voting management.
Matthew Newman, VP for ISS, said, "Our clients are continuously seeking ways to efficiently and effectively execute on their proxy voting responsibilities while also maximising incremental revenue opportunities. ISS is pleased to partner with eSecLending in their goal to help institutions evaluate the economic and fiduciary impact of recalling shares."
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