LAKE SUCCESS, New York,
May 8, 2017 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE: BR) announced
today that Investor Communications Japan (ICJ), a joint venture of
Broadridge and the Tokyo Stock Exchange, Inc. (TSE), has exceeded
800 participating share-issuing companies on its "electronic proxy
voting platform" (hereafter referred to as the "ICJ platform").
There were 834 issuers on the platform as of 2 May 2017, which represents 80% growth over the
past three years.
Operating in Japan, the ICJ
platform contributes to realizing a constructive dialogue between
listed companies and institutional investors, and helps to promote
high standards of corporate governance. The ICJ platform connects
stakeholders involved in a given shareholder meeting, utilizes
Broadridge's sophisticated internet voting, recordkeeping and
reconciliation technologies. Managing communication flows between
participating companies and institutional investors, the ICJ
platform ensures efficient and accurate voting.
"We are very proud to have passed the 800-issuer milestone for
the ICJ platform. As a key offering of our global solutions, we aim
to continue to enhance platform functionality to facilitate open
communication between listed companies and shareholders," said
Patricia Rosch, Global President of
Investor Communications Solutions (ICS) for Broadridge.
Current users include 87% of TSE-listed companies in terms of
market capitalization, 97% of Nikkei 225 index constituents and 84%
of Japan Exchange Group (JPX)-Nikkei Index 400 constituents.
Broadridge supported 60,776 proxy meetings in Global Markets in
2016, with Issuers located in 119 countries.
"Surpassing 800 issuers is a great achievement for ICJ," said
Demi Derem, General Manager of ICS for Broadridge. "In
June 2016, the annual peak season for
AGMs in Japan, the platform
processed 38% of all voting proxy shares for participating issuers.
We anticipate an even higher usage rate this year."
On the corporate side, the ICJ platform gives issuers insight
and analytics regarding the proxy voting process and enables them
to provide timely materials to institutional investors even in the
days before a shareholder meeting begins. Similarly, the platform
benefits institutional investors by enabling them to review
additional information provided by the company and (re)cast their
votes based on the most updated information up through the day
prior to the meeting.
Rapid growth in the number of participating issuers on the
platform has been driven in part by the 2015 introduction of
Japan's Corporate Governance Code.
The new code encourages issuers to improve their proxy voting
practices regardless of their market capitalization and level of
institutional ownership.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR) is a leading
provider of investor communications and technology-driven solutions
for broker-dealers, banks, mutual funds and other corporations.
Broadridge's investor and customer communications, securities
processing and managed services solutions help clients reduce their
capital investments in operations infrastructure, allowing them to
increase their focus on core business activities. With more than 50
years of experience, Broadridge' s infrastructure underpins proxy
voting services for over 90% of public companies and mutual funds
in North America and processes on
average $5 trillion in equity and
fixed income trades per day. Broadridge employs approximately
10,000 associates in 16 countries. For more information about
Broadridge, please visit www.broadridge.com.
Investors Communications Japan
Investors
Communications Japan, Inc. (ICJ) is exclusively providing
electronic proxy voting platform services for the shareholders
meeting of major blue-chip Japanese issuers. The participants on
ICJ platform are; 804 Japanese issuers, 6 transfer agents, 4 master
trusts banks, 6 subcustody banks, 14 global custody banks including
10 largest and about 4500 institutional investors worldwide. ICJ
delivered 38% of all voting shares of ICJ participating issuers in
June 2016 AGM peak season.
For more information of ICJ and participating issuers, please
visit www.icj-co.com/english/introduction.html.
Media Contact:
Peggy Wu
Ryan Communication
Peggy@ryancommunication.com
+65 6876 5785
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