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

Euroclear and Broadridge Plan to Jointly Offer End to End Shareholder Voting

Subscribe to our newsletter

Broadridge Financial Solutions and Euroclear have signed a memorandum of understanding (MoU) whereby both firms are looking into forming an alliance to jointly strengthen shareholders’ governance rights by making it easier for investors to vote electronically at company general meetings.

Under the EU Shareholders’ Rights Directive, currently being transposed into Member State law, investors must have timely access to information relating to general meetings and the facilities to exercise their voting rights. The objective of the proposed alliance between Euroclear and Broadridge is to support the new regulatory landscape by offering an end to end voting solution for issuers and their agents, financial intermediaries and investors.

The services to be offered by the proposed alliance are expected to cover securities issued in certain countries where Euroclear has a central securities depository (CSD) beginning with listed equities in the Dutch market, ahead of the annual general meeting season in the first quarter of 2011.

Pierre Mahieu, director, Euroclear product management, stated: “Our alliance with Broadridge aims to deliver a faster and more efficient means for shareholders – domestic or foreign – to vote at general meetings. Together, we will look to improve processing standards and automation levels for the voting process, in full accordance with stakeholder needs. We recognise the call for, and importance of, proper company governance, and have identified how we can play a more active role in alliance with Broadridge. Euroclear’s close relationship with European issuers and local market shareholders, coupled with Broadridge’s international reach and leading-edge voting technologies, make a compelling choice for voting services.”

James O’Regan, general manager, Investor Communication Solutions, International, Broadridge, said: “Through this alliance, Broadridge and Euroclear are uniquely positioned to accelerate the delivery of advanced electronic solutions to the benefit of all constituents throughout the proxy vote processing lifecycle. We are strong advocates of the underlying EU market reforms to raise governance and better enfranchise the end investor, and our alliance is geared to delivering a highly efficient, best-practice model across designated markets.”

The proposed joint Euroclear/Broadridge offering, on an exclusive basis in certain markets, will include: disseminating general meeting information; managing pre-meeting registration for shareholders (where applicable); making available the technology to collect voting instructions from shareholders; transmitting voting instructions to issuers; performing integrity checks on voting instructions; providing vote confirmation of exercised votes; and eliminating many manual procedures involved in the voting process today.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Are you making the most of the business-critical structured data stored in your mainframes?

Fewer than 30% of companies think that they can fully tap into their mainframe data even though complete, accurate and real-time data is key to business decision-making, compliance, modernisation and innovation. For many in financial markets, integrating data across the enterprise and making it available and actionable to everyone who needs it is extremely difficult....

BLOG

Data’s Evolution Continues From Cost to Core Asset: DMS New York City 2025 Preview

Modern Chief Data Officers are not only the guardians of financial institutions’ data estates, they are also the caretakers of their single-biggest asset. With every part of an organisation’s business now dependent on data, the custody of its digital information is every bit as critical to operations as the management of trading teams or even...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

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,...