Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. Broadridge and SLIB proxy voting solution goes live in France
Latest news
Broadridge and SLIB proxy voting solution goes live in France
13 December 2021 France
Reporter: Carmella Haswell

Image: PureSolution/stock.adobe.com
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.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today