About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Broadridge Financial Solutions, the Nation’s Largest Investor Communications Company Saves Corporate Issuers More Than $508 Million This Proxy Season

Subscribe to our newsletter

Broadridge Financial Solutions, the nation’s largest investor communications company, estimates that it saved corporate issuers an unprecedented $508 million this proxy season, compared to $446 million during last year’s proxy season, through the use of its cutting-edge technologies. Broadridge achieved these estimated cost savings while processing 12 billion more shares than a year ago.

“Broadridge’s technologies for electronic delivery and ProxyEdge, our complete electronic proxy management system, together with its specialized processing for managed accounts, resulted in the elimination of more than 57% of physical proxy mailings. This led to substantial savings on printing and postage for corporate issuers,” stated Robert Schifellite, President, Investor Communication Solutions, Broadridge.

Electronic delivery surged this proxy season, with more than 31 million distributions going through the Internet, a 17% increase over last season. “We continue to drive increases in Internet participation through investments to help save companies and their shareholders significant sums on paper, printing and postage,” noted Mr. Schifellite. “Broadridge is assisting companies with addressing a troubling decline in retail voting, while also working to accelerate adoption of e-delivery by global shareholders.”

“The continued fascination with all things digital is evident this season as approximately 150,000 shareholders voted through their mobile devices after Broadridge’s introduction of Mobile ProxyVote.com in March. Mobile ProxyVote allows shareholders to vote their shares on an array of market-leading mobile devices. An estimated 30% of those votes came from first-time voters. The growing adoption rate of Mobile ProxyVote reflects rapidly changing preferences to access and act on information on the go,” concluded Mr. Schifellite.

The proxy voting season runs from February 15, 2011 through May 1, 2011.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to organise, integrate and structure data for successful AI

Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are limited only by the imaginations of individual organisations. What they all require to achieve...

BLOG

Data Management Summit New York Takes Deep Dive into Modern Data Landscape

The 15th annual A-Team Group Data Management Summit New York City kicks off tomorrow with one theme prominent in the day of discussions, debates and keynote addresses: data quality. Without good quality data organisations can’t hope to achieve their objectives, be they implementation of artificial intelligence applications, automation of essential workflows or compliance with regulatory...

EVENT

TradingTech Summit New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...