'Going Paperless in the Securities Industry'

Corporations need to keep telling their investors how they can save them money, provide them with added security and give them greater flexibility in buying and selling securities."

So wrote Joseph Trezza, DTCC vice president, Asset Services, in a bylined article titled "Going Paperless in the Securities Industry: Benefiting Issuers and Investors," published in the June edition of the online newsletter for The Society of Corporate Secretaries & Governance Professionals. The society has more than 3,800 members representing more than 2,600 companies in the United States. Its members deal with matters affecting corporate governance, including the structure and meetings of boards of directors, the proxy process, shareholder relations and annual meetings.

Trezza's article discussed dematerialization in the financial services industry, DTCC's Direct Registration System and the extent to which the securities industry around the world has already gone paperless. The article pointed out the many benefits dematerialization offers corporate secretaries, their companies and their shareholders, including millions of dollars in savings, increased security for investors and ease of buying and selling securities.

You can download the article here: "Going Paperless in the Securities Industry: Benefiting Issuers and Investors". @