JP Morgan Replaces Proxy Advisors with Internal AI Platform, “Proxy IQ”
JP Morgan Replaces Proxy Advisors with Internal AI Platform, “Proxy IQ”

Yesterday, the WSJ reported that JPM’s asset management group will immediately stop using proxy advisory firms and instead use an internal AI-powered platform to analyze data from the more than 3,000 shareholder meetings it votes at each year — plus provide recommendations to portfolio managers and manage votes. JPM believes it is the first large investment firm […]

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