NEW
YORK, Jan. 13, 2022 /PRNewswire/
-- Broadridge Financial Solutions (NYSE: BR), a global
Fintech leader, announced that it will provide end-to-end proxy
vote confirmation this year to all shareholders in the annual
meetings of the 2,000+ U.S. public companies whose votes it
tabulates. Broadridge's enhancements to the proxy voting
process were developed in conjunction with an industry Working
Group led by the Society for Corporate Governance and the Council
of Institutional Investors, and involving representatives of
custodian banks, broker-dealers, issuers, institutional investors,
other proxy tabulators, transfer agents, and the proxy services
provider community.
Broadridge's announcement expands upon the commitment made by
Working Group members to provide vote confirmation for meetings of
all Fortune 500 companies. In total, Broadridge expects to
provide the added level of assurance to the shareholders of more
than 2,000 companies for annual meetings in 2022.
"Participation in proxy voting is essential to corporate
governance," said Bob Schifellite,
President of Broadridge's Investor Communication Solutions
business. "Working together under the leadership of the
Society for Corporate Governance and the Council of Institutional
Investors, members of the U.S. proxy ecosystem committed to
providing shareholders with even greater levels of assurance and
trust that their votes are counted as cast," he said.
Early-stage Voting Entitlement Reconciliation
The new protocols include a pilot of the mechanics of
early-stage voting entitlement reconciliation, consistent
with recommendations of the Working Group.
Early-stage voting entitlement
reconciliation ensures that any discrepancies between the
records held by tabulators and those of banks and brokers will be
addressed well in advance of a shareholder meeting, so that every
share that is duly held and cast will be included in the final vote
tally. The pilot will test and refine the new reconciliation
protocols across 20 annual meetings of the Fortune 500.
"We are grateful for the cooperation of the members of the
Working Group, and we look forward to a process whereby last-minute
rejections or corrections of shareholder votes will be minimized,"
said Darla Stuckey, President and
CEO of the Society for Corporate Governance. "We look forward to
building on the group's efforts to expand end-to-end vote
confirmation in 2023 and beyond."
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with $5 billion in revenues, provides the critical
infrastructure that powers investing, corporate governance, and
communications to enable better financial lives. We deliver
technology-driven solutions that drive business transformation for
banks, broker-dealers, asset and wealth managers and public
companies. Broadridge's infrastructure serves as a global
communications hub enabling corporate governance by linking
thousands of public companies and mutual funds to tens of millions
of individual and institutional investors around the world. Our
technology and operations platforms underpin the daily trading of
more than $9 trillion of equities, fixed income and other
securities globally. A certified Great Place to Work®,
Broadridge is part of the S&P 500® Index,
employing over 13,000 associates in 21 countries. For more
information about us, please visit Broadridge.com.
Broadridge Media contact:
Gregg Rosenberg
+1 212-918-6966
Gregg.rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.