Broadridge and SLIB proxy voting solution goes live in France
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Broadridge and SLIB proxy voting solution goes live in France 13 December 2021France Reporter: Carmella Haswell
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Broadridge and SLIB, a France-based software vendor in electronic voting and securities services, has announced the go-live of their joint cross-border proxy voting solution.
The solution enables intermediaries such as banks, brokers and wealth managers, that serve France-based investors, to meet mandatory obligations to support voting for European shareholder meetings under the updated Shareholder Rights Directive (SRDII).
Speaking on the announcement, Demi Derem, general manager of Broadridge’s International Investor Communication Solutions, says: “The collaboration with SLIB, together with l’Association Française des Professionnels des Titres (AFTI), the French industry association, has been meticulously designed and implemented by experienced and deeply knowledgeable experts from all relevant stakeholders.
“Financial Intermediaries in France can now meet their regulatory obligation to provide cross-border electronic meeting notifications and end-to-end proxy voting services to their French investors, while helping to transform corporate governance standards across Europe through increased levels of shareholder democracy and stewardship.”
Philippe Cognet, CEO of SLIB adds: “SRDII has mandated a pronounced change in European corporate governance practices, requiring careful planning at a market level to enable the compliance of all actors. By partnering with Broadridge, we have combined their global proxy voting infrastructure with our Votaccess platform for French intermediaries and investors, resulting in a solution that delivers higher rates of cross-border processing efficiency and governance automation.”
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