JPMorgan drops proxy advisory firms in favor of AI platform
1:33
YouTubeCNBC Television
JPMorgan drops proxy advisory firms in favor of AI platform
JPMorgan said its asset management division has fully parted ways with controversial proxy advisors for shareholder votes. In an internal memo, the firm said it no longer needs third-party data collection or voting recommendations. Instead, it launched an artificial intelligence tool, Proxy IQ, to aggregate and analyze proxy data from 3,000 ...
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