Adp Gives Trees A Break

AUTOMATIC DATA PROCESSING, which distributes some 100 million pieces of annual-meeting material for corporations each year, is rolling out a system for distributing proxy material via the Internet as well as allowing shareholders to vote online. It expects that the system will be used at as many as 5,000 annual meetings this proxy season. ADP predicts that if it can convert even 5% of its annual-meetings mailings to cheaper online delivery, it could save as much as $25 million.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.