Broadridge launches Austrian proxy voting service 10 October 2022Austria Reporter: Lucy Carter
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Broadridge has announced the Austrian launch of its “market golden copy” event sourcing and proxy vote execution service, available for banks, brokers and wealth managers.
This latest live running follows the company’s 2021 goal of driving local market efficiencies, focusing on expanded coverage for proxy processing and extended voting windows.
The service forms part of Broadridge’s direct market solutions (DMS) product suite, which connects investors and issuers directly and can be used for both institutional and retail investor voting in the country.
The solution extends Investor voting and research deadlines. Voting instructions are provided digitally for physical submission at the meeting, complying with national regulations, and investors are then provided with a receipt of votes.
Demi Derem, general manager of international investor communication solutions at Broadridge, says: “We remain 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.
“Our investments for the Austrian market will deliver 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.”
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