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: ESG data sourcing and management to meet your ESG strategy, objectives and timeline

ESG data plays a key role in research, fund product development, fund selection, asset selection, performance tracking, and client and regulatory reporting, yet it is not always easy to source and manage in a complete, transparent and timely manner. This webinar will review the state-of-play on ESG data, consider the challenges of sourcing and managing...

BLOG

Building Future Growth Around a Foundational Data Core: SIX’s Marion Leslie

There’s a neat symmetry in speaking to Marion Leslie, head of financial information at SIX after one of the busiest six months in the company’s recent history. SIX, a global data aggregator and operator of exchanges in its native Switzerland, as well as in Spain, has released a flurry of new data products since January,...

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London 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

Practical Applications of the Global LEI – Client On-Boarding and Beyond

The time for talking is over. The time for action is now. A bit melodramatic, perhaps, but given last month’s official launch of the global legal entity identifier (LEI) standard, practitioners are rolling up their sleeves and getting on with figuring out how to incorporate the new identifier into their customer and entity data infrastructures....