Corporate actions are integral to capital markets’ day-to-day operations, facilitating dividends, mergers, stock buybacks, and other processes that underpin corporate governance and capital allocation.
However, communicating corporate actions to shareholders is plagued by costly errors, resource-intensive and duplicated practices, and unnecessary complexity as they are passed from issuers down a chain of various intermediaries, largely because they lack a verifiable structured data output that serves as a single source of truth for all market participants.