JPMorgan to use AI instead of traditional proxy advisory firms for governance votes

JPMorgan is cutting off proxy advisory firms and doing it without delay. The bank’s asset-management arm confirmed on Wednesday it has ended all ties with external proxy advisers, effective immediately. The unit manages more than $7 trillion for clients and must vote shares at thousands of public companies every year. The decision lands while the […] source: https://www.cryptopolitan.com/jpmorgan-to-use-ai-for-proxy-advisory/