Collaboration on "At Source" Corporate Actions Announcements
Collaboration and Automation: Enhancing Efficiency in Corporate Actions
Session Speakers
About this webinar
About this conference
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Why this conference is for me?
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ISSA recently published a white paper entitled “A Call for Collaboration to Enhance Efficiency in Corporate Actions and Proxy Processes.” That paper described recent research highlighting the existing gaps in communication and operational efficiency as well as the importance of collaboration among key stakeholders to resolve the issues that cause delays in disseminating fully accurate information between issuers and their investors.
To address this, ISSA proposes that such collaboration focus on standardizing data points to facilitate the automation of corporate actions and proxy announcements at their source in alignment with six corporate governance principles. ISSA recommends that the CSD and/or listing authority/exchange convene a Task Force to analyze the current practice, and the benefits of fully automating announcements “At Source”, creating Golden Operational Records for Corporate Actions and Meeting/Proxy processes, as well as potential paths to providing that solution.
ISSA believes such discussions could lead to designing global principles and standards to guide national markets in implementing automated solutions for digitized event announcement data created “At Source”. This could lead to a significant increase in the speed and quality of the two-way flow of information and transactions between issuers and investors, maximizing the effectiveness and efficiency of corporate governance.
Ann Marie Bria of DTCC who Co-Chairs the ISSA Asset Servicing Working Group and Bill Hodash of ISSA will discuss the paper’s findings and recommendations and the key role CSDs can play in facilitating a solution.
