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: 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

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

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

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,...