Broadridge Agrees to Enter Into an Agreement to Add PIRC's Integrated
Recommendations to Its ProxyEdge Platform
LAKE SUCCESS, NY--(Marketwire - November 15, 2007) - 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
Tony.DeMeo@broadridge.com
