NEW YORK, Nov. 16, 2020 /PRNewswire/ -- Broadridge
Financial Solutions, Inc., a global Fintech leader and pioneer in
virtual shareholder meetings (VSM), has announced the first phase
of its enhanced VSM platform. This next generation of VSMs
will increase accessibility, transparency and engagement to meet
the rising expectations of corporate issuers, mutual funds and
shareholders. As part of the initial phase, Broadridge has made
extensive investments and developed Application Programming
Interfaces (APIs) which will enable Broadridge to validate
beneficial shareholders who log on to other virtual meeting
platforms.
"Broadridge's plan to enhance its VSM technology will include a
next-gen user interface, streamlined navigation and a better
experience for all participants, including management, board
members and shareholders," said Cathy
Conlon, Vice President of Strategy, Product Management and
Business Development, Broadridge. "As part of an industry working
group examining virtual shareholder meetings, there is movement
towards creating an open source validation framework to enable
issuers to choose any virtual meeting platform and have their
shareholders validated onto it. Broadridge is leading that effort
and has made extensive investments and developed APIs that will
enable this vision for the 2021 proxy season."
Broadridge is on track to facilitate almost 2,000 VSMs in 2020,
up from 326 meetings in 2019. Following the unprecedented usage of
VSMs in the 2020 proxy season, Broadridge sought feedback from more
than 100 VSM clients, investors and other industry constituents. As
a result of this outreach, Broadridge identified three priority
areas of focus and developed a comprehensive roadmap for enhancing
the participant experience, company management of the meeting and
the Q&A experience to provide more transparency for both
issuers and shareholders. The focus on these priorities will create
a better experience for all participants, including management,
board members and shareholders. This new experience is expected to
be rolled out over the next several months and will include:
- A next-gen user interface--streamlined navigation and
enhanced video integration will enrich the experience and further
engage shareholders.
- Easier meeting management--modular options, simple and
intuitive controls and role-based views will enable the issuer to
easily set up, manage and execute the live meeting as well as
streamline the preparation process and enable dry runs and dress
rehearsals more easily.
- Enhanced Q&A functionality--the new platform will
enable issuers to more easily manage, organize and address
shareholder questions, increase transparency and provide new
options for issuers to tailor the Q&A experience for their
meeting and their shareholders.
Broadridge has a long history of working with issuers, mutual
funds, broker-dealers and institutional and retail investors and in
investing in and leveraging technology to drive transparency and
shareholder engagement. From inventing telephone proxy voting and
developing online proxy voting to launching a mobile proxy voting
and creating a voting app, Broadridge has proven track record of
innovation, utilizing the latest technology to transform and enrich
customer experience, optimize efficiencies and drive shareholder
engagement. The company will continue providing shareholders with
the power to vote on whichever platform they choose, including
through a VSM, their broker's app, on a desktop or mobile browser
via Proxyvote.com, by phone, by mail or in-person at annual
meetings.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR), a $4.5 billion global Fintech leader, is a
leading provider of investor communications and technology-driven
solutions to banks, broker-dealers, asset and wealth managers and
corporate issuers. Broadridge's infrastructure underpins proxy
voting services for over 50 percent of public companies and mutual
funds globally, and processes on average more than U.S.
$8 trillion in fixed income and
equity securities trades per day. Broadridge is part of the S&P
500® Index and employs over 12,000 associates in 17 countries. For
more information about Broadridge, please
visit www.broadridge.com.
Investors:
W. Edings Thibault
Investor Relations
+ 1 516-472-5129
Edings.thibault@broadridge.com
Media:
Tatjana
Kulkarni
Broadridge Financial Solutions
+1
203-285-0766
Tatjana.kulkarni@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.