By Manya Saini Jan 28 (Reuters) - Wells Fargo's wealth and investment management unit launched an internal proxy voting service on Wednesday, cutting its reliance on big proxy advisory firms that are ...

WIM will determine proxy votes for these assets using a policy and set of instructions it has developed.

The bank’s investment management arm becomes the second major asset manager to ditch third-party proxy advisory firms for a proprietary service.

In a speech, Brian Daly backed AI proxy-voting research as a potential response to what he described as an ecosystem ...

In place of external human advisors, the bank is launching an in-house AI tool. The tool, named Proxy IQ, will cover all aspects of the voting process, according to an internal memo. JPMorgan's asset ...

Proxy Voting Literacy Despite the importance of proxy voting, the critical role it plays in corporate governance, and the transparency regarding their voting record that asset managers deliver via ...

At Tesla’s recent annual meeting, shareholders approved an unusual compensation proposal for CEO Elon Musk – if achieved, he could be the world’s first trillionaire. The vote passed by a comfortable ...

Exxon Mobil Corp (XOM) is reportedly launching a new initiative aimed at boosting retail investor participation in proxy voting by using an automated system that would help the oil producer reduce the ...

Richard Todd is CEO and co-founder of Innovest Portfolio Solutions, which provides investment consulting services to faith-based organizations. Proxy voting is a key responsibility of all fiduciaries.