Investor Communications Japan (ICJ) announced that it had signed on its 400th participant to its electronic proxy voting platform.
In operation since December 2005, ICJ provides investors in Japan, and institutional shareholders globally, the ability to receive notifications of Japanese shareholder meetings and return voting decisions directly to issuers and their agents.
Under the traditional paper process, shareholders had only days or even hours to process thousands of proxies across hundreds of accounts, and make decisions on often hundreds of shareholder meetings held over a few days in late June every year.
ICJ provides straight-through-processing (STP) that aims to improve flow and transparency of information to shareholders and back to issuers, increasing the timeliness of materials delivery to shareholders for review from days to weeks.
ICJ is a joint venture of Broadridge Financial Solutions, the Tokyo Stock Exchange, and the Japan Securities Dealers Association (JSDA).
