New features include the option to pre-set
voting preferences, easy access to relevant sections of meeting
materials, vote confirmations, and updates on meeting
results
NEW
YORK, May 16, 2023 /PRNewswire/ -- To make it
easier and more transparent for retail investors to participate in
corporate governance and vote their proxies, Broadridge Financial
Solutions Inc. (NYSE: BR) announced enhancements to its
ProxyVote App. The new features help investors to view relevant
information more easily and quickly on proxy proposals, preset
their voting preferences on topics that matter most to them, see
their votes counted as cast, and receive automatic updates on final
results.
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"We surpassed an important milestone with over 16.3 billion
shares voted on ProxyVote.com, including mobile and our ProxyVote
App, up 64% year over year, representing 22% of total voted
shares," noted Swatika Rajaram, Senior Vice President, Head of U.S.
Proxy and Post Sale at Broadridge. "Broadridge is committed to
enabling better financial lives. By expanding sophisticated tools,
that are currently available to institutional investors to retail
investors, including ProxyVote.com and the ProxyVote App, we are
making it easier for all investors to learn and participate in the
corporate governance process."
New Preset Voting Preferences
For the first time
ever, individual investors can preset voting instructions in
advance of shareholder meetings. The ProxyVote App provides an easy
way for them to specify how they want to vote on common types of
proposals, including elections of directors and say-on-pay, among
others. Their preferences are indicated when they receive their
ballots. They can easily view proxy information and make changes
before they click to cast their vote.
Updates on Meeting Results
The ProxyVote App updates
investors with their vote detail during the meeting and with the
final vote results once the meeting has concluded.
Vote Confirmation
ProxyVote.com and the ProxyVote App
both confirm votes once submitted, providing shareholders with even
greater levels of assurance and trust that their votes are counted
as cast.
Director and Proposal Deep Links
Shareholders can
easily access proxy information, including direct links to
Directors up for election or proposals on the agenda. This provides
quick access to detailed information for more informed voting.
ProxyVote App Enables Pass-through Voting
There is
growing interest by asset managers to receive voting indications
from their investors for the underlying equities that make up the
investment funds. This is referred to as client directed or
"pass-through" voting. The enhancements launched in Broadridge's
ProxyVote App are a foundation for enabling pass-through voting by
individual investors.
Ease of Use Through Multiple Platforms
Broadridge is
the only proxy service provider to have an app in the market that
allows investors to submit their votes and confirm that their vote
has been tabulated. The ProxyVote App is available in the Apple App
Store and Google Play. Broadridge also provides the flexibility for
investors to vote on the platforms of their choosing including
broker apps, online via www.proxyvote.com, by phone, mail or
virtually at annual meetings. To learn more, check out
the ProxyVote App resource page.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with more than $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 and what
we can do for you, please visit www.broadridge.com.
Broadridge Media Contact:
Tatjana Kulkarni
+1 203-285-0766
Tatjana.kulkarni@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.