Direct solutions connect issuers and investors; extends
research window by four days
NEW
YORK and LONDON and
ZURICH and GENEVA, Oct. 10,
2022 /PRNewswire/ -- Further extending its innovation
program to support the highest standards of corporate governance in
local and global markets, Broadridge Financial Solutions,
Inc. (NYSE:BR) today announced the successful live running of
its "market golden copy" event sourcing and proxy vote execution
service for banks, brokers and wealth managers in Austria.
"We remain firmly focused on our commitment to innovate and
transform the proxy voting eco-system, both globally and at a local
market level, while reducing costs and risk to market
intermediaries through our mutualised shared service model," said
Demi Derem, general manager of International Investor Communication
Solutions, Broadridge. "Our investments for the Austrian market
will deliver substantial improvements to operational efficiency
with advanced straight-through processing for market participants
and support incremental levels of shareholder democracy by
empowering investor stewardship and related ESG strategies."
The Austrian service is the latest operationally live addition
to Broadridge's fast-growing Direct Market Solutions (DMS) product
suite that directly connects investors and issuers and improves
voting deadlines for investors. DMS supports both institutional and
retail investor voting in Austrian equities.
By providing a direct, automated service, Broadridge has
significantly improved market deadlines - extending the voting
window and research period for investors by an average of four
days. Meeting and event notifications are electronically sourced
from the market after which they are reconciled and forwarded to
investors. Voting instructions received are provided digitally for
physical submission at the meeting in accordance with national
requirements. A confirmation of receipt of votes will be provided
and displayed to investors confirming the vote was duly cast.
Broadridge announced its increased focus on driving local market
efficiencies in 2021, with expanded coverage for proxy processing
and extended voting windows as its core objectives. In 20 markets
it has now met these fundamental objectives and remains on target
to do the same for several more markets by 2023. These incremental
local market innovations complement Broadridge's existing leading
global voting solutions that already provide investors 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 Broadridge, please visit
www.broadridge.com
Investors:
W. Edings Thibault
Head of Investor Relations
+1 516-472-5129
edings.thibault@broadridge.com
Media:
Gregg Rosenberg
Global Head of Corporate Communications
+1 212 918 6966
gregg.rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.