NEW
YORK and LONDON and
COPENHAGEN, Denmark,
Sept. 12,
2022 /PRNewswire/ -- In response to the growing drive
for higher corporate governance standards – both globally and at a
national market level - Broadridge Financial Solutions, Inc.
(NYSE:BR) today announced it has commenced live operations of its
new "golden copy" event notification and direct vote execution
service for the Danish market. The service, delivered in
collaboration with Danish central securities depositary Euronext
Securities Copenhagen, enables global and domestic banks,
custodians, wealth managers and local agents to streamline
processes and transform operational efficiency throughout the proxy
voting lifecycle in Denmark, while
supporting their compliance obligations under the Shareholder
Rights Directive (SRD II) and Denmark's updated Companies Act.
The Denmark service is the
latest addition to the broad and rapidly expanding Direct Market
Solutions (DMS) product suite, which focuses on traditional sub
custody voting related activities. Firms using the service can
depend on the timely and accurate receipt of meeting notifications
sourced directly from Euronext, an extended voting window for
underlying clients, and greater transparency through the
confirmation of votes submitted and cast.
"With ESG as a central component for investors, the need for
best-in-class governance and stewardship practices has never been
stronger. Our collaboration with Broadridge will provide a more
direct chain of proxy communications, and a higher level of service
quality for all players," said Niels Hjort Rotendahl, CEO, Euronext
Securities Copenhagen. "This comes at a pivotal time due to recent
changes to the Danish Companies Act removing the need to present
Power of Attorney documents, which we anticipate will lead to a
significant rise in shareholder participation at meetings and
require our combined services."
"It is our strategic priority to advance shareholder democracy
and empower investors – institutional and retail - through the most
efficient proxy voting ecosystem for both cross-border and local
market participants," said Demi Derem, GM, International Investor
Communications Solutions at Broadridge. "Through close
collaboration with Euronext Securities Copenhagen, we have again
demonstrated the importance of partnering with market leading
infrastructure providers to deliver a best-in-class service that
transforms and enhances the client experience, while reducing
operating costs through our mutualised service model."
Broadridge is firmly committed to expanding its market coverage
for proxy processing and extended voting windows, with more markets
to follow in 2022 and 2023. This complements Broadridge's existing
leading global voting solutions that already provide 100% coverage
across 100+ markets.
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 U.S. $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 14,000 associates in 21
countries.
For more information about us please visit broadridge.com.
Investors:
W. Edings Thibault
Investor Relations
+ 1 516-472-5129
Edings.thibault@broadridge.com
Media:
Gregg
Rosenberg
Corporate Communications
+1 212-918-6966
Gregg.rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.