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

Panellists Note the Lack of a Global Initiative for Proxy Voting Standardisation

Subscribe to our newsletter

There may be a number of national initiatives focused on standardising proxy voting practices in individual countries, but there are no global efforts to harmonise these practices across borders, agreed panellists at this month’s CorpActions 2011 conference in London. Justin Chapman, global head of process management at Northern Trust, suggested that some engagement at an international level, building on the foundations of the work of national groups might be a starting point.

Panellists agreed that a global working group should be established to discuss such an initiative focused on the standardisation of the proxy voting space. However, it was unclear who would lead the charge towards establishing such a body.

John Kernan, senior expert at international central securities depository (ICSD) Clearstream, contended that it is vendors’ duty to be a part of any such solution. He suggested that these market participants would be more likely to have the appetite for investment in this endeavour.

On a national level, Kernan also pointed to specific markets such as France that could be ripe for efforts towards standardising the voting confirmation process in partnership with the vendor community. “If you break the problems down into their component parts they should be much easier to tackle,” he suggested. “Change will always be incremental.”

In terms of investment, however, issuers will not carry the costs of standardisation and will instead pass it onto the registrar community, said Jai Baker, senior relationship manager at Capita Registrars. Ergo any standards efforts that are kicked off will need to be justified and have solid business cases in place.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Experts to Take Stock of Data Silos and Lineage: DMS London Preview

Data fragmentation and lineage are two critical themes within data management that are intrinsically linked. Good data lineage can help overcome the impediments imposed by siloed data because it is an important aid in optimising data integration and utility. Both will be examined in detail by experts at A-Team Group’s 16th annual Data Management Summit...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology 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

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...