Broadridge Invests in Corporate Governance Solutions Provider to Expand Analytics Capabilities across Europe
Enters exclusive sales and marketing agreement to expand offering for corporations and institutional investors through DirectorInsight platform
LONDON, Feb. 18, 2016 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it has enhanced its corporate governance solution offering in Europe by taking a minority stake and entering into an exclusive distribution and marketing alliance with AMA Partners, B.V. (AMA).
AMA is a Netherlands-based firm and provider of DirectorInsight, an innovative and powerful analytics platform that offers data and analytical tools for independent analysis of corporate governance and executive compensation. The deal expands Broadridge's corporate governance solution set and data capabilities to give corporations and institutional investment firms in key European markets access to an expanded, customisable data and analytics platform.
DirectorInsight is a one-stop, interactive online corporate governance data and analytics tool, providing an independent platform for analysing governance risks, executive pay and benchmarking through a pay-for-performance screening tool, board intelligence, company financials, filings and interlocks. In addition, DirectorInsight offers a tool for constructing peer group scenarios to screen against a company's peer group.
The solution is powered by historical data going back to 2008, plus forecasted performance and standardised compensation data and covers more than 1,200 listed European companies with profiles of over 35,000 directors and executives. It serves investors, issuers, corporate secretaries and professionals in the fields of human resources and governance and can be used for, among other things, succession planning and recruitment efforts.
"DirectorInsight will be an excellent complement to our existing suite of proxy services as part of our overall corporate governance focus," said Demi Derem, general manager, Investor Communication Solutions International, Broadridge. "In the current environment of increased activism and heightened scrutiny of corporate governance practices, partnering with AMA to offer DirectorInsight will enable issuers and institutional investors better decision making and more effective engagement."
Aniel Mahabier, founder of AMA Partners, said: "AMA is excited to partner with Broadridge to greatly expand DirectorInsight's distribution reach. DirectorInsight is the first platform within Europe that was built to aggregate and interpret data to provide transparency to promote sound corporate governance and responsible pay practices. Members of boards and shareholders benefit from a more transparent and accessible decision-making process, with the ability to access the same information at the same time."
To learn more about DirectorInsight, please visit www.broadridge.com/DirectorInsight.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge's investor communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 7,400 full-time associates in 14 countries. For more information about Broadridge, please visit www.broadridge.com.
About AMA Partners
AMA Partners specialises in corporate governance, executive pay and HR consultancy, providing a wealth of data and unparalleled insight through their unique data technology platform, DirectorInsight. Based in Amsterdam, its team of specialists provides services to numerous listed companies and investors in The Netherlands and other European countries.
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, and which may be identified by the use of words such as "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. These risks and uncertainties include those risk factors discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended June 30, 2015 (the "2015 Annual Report"), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by reference to the factors discussed in the 2015 Annual Report.
These risks include: the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; Broadridge's reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge's services with favorable pricing terms; changes in laws and regulations affecting Broadridge's clients or the services provided by Broadridge; declines in participation and activity in the securities markets; any material breach of Broadridge security affecting its clients' customer information; the failure of Broadridge's outsourced data center services provider to provide the anticipated levels of service; a disaster or other significant slowdown or failure of Broadridge's systems or error in the performance of Broadridge's services; overall market and economic conditions and their impact on the securities markets; Broadridge's failure to keep pace with changes in technology and demands of its clients; Broadridge's ability to attract and retain key personnel; the impact of new acquisitions and divestitures; and competitive conditions. Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.
Media Contacts
Kate McGann
Broadridge Financial Solutions
Katherine.mcgann@broadridge.com
+1 212.981.1395
Brett Philbin
Edelman
Brett.philbin@edelman.com
+1 212 704 8263
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