T-Scape is working with a global investment manager on the development of a new solution to help automate the voting process associated with meetings.
The new solution, iActs Vote Manager, will be added to T-Scape’s offering under its iActs brand.
The development was driven by regulatory requirements of the Shareholder Rights Directive II (SRD II) that comes into force on 3 September.
SRD II aims to encourage shareholder engagement, increasing transparency and improving corporate governance.
David Baxter, managing director at T-Scape, commented: “The voting process isn’t a new one, obviously, and voting platforms that facilitate the process have been around for some time. SRD II, however, has shone a beaming light on the inefficiencies inherent in a process more commonly known as proxy voting.”
“Votes being ‘lost’ due to company information not reaching shareholders is the most concerning, one which the directive aims to rectify to ensure all shareholders are able to exercise their right to vote at meetings", Baxter added.
In July, T-Scape also announced that it has started developing a solution to help wealth managers and other intermediaries meet one of the regulatory requirements for SRD II.
In addition, the company deployed the second version of its corporate action application iActs.
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