Proxy Voting
Proxy Voting, originated from IHS Markit, implements the end-to-end automation of meetings, proxy voting and shareholder identification disclosure process flows. Proxy Voting provides a SRDII-compliant solution that enables global coverage of meetings and voting agenda processing by using a wide range of features and functions that can help increase efficiency, reduce risk and provide value-added services to your customers.
The complex operational processes for meetings, agenda processing, vote instructions processing, as well as shareholder identification and disclosures processing are often based on manual processing. The non-standard procedures and market-level nuances corresponding to manual tasks often result in processing errors; leading to reputational risks for financial intermediaries.
By using Proxy Voting, operations personnel can easily monitor and prioritize workflow tasks to handle meetings' processing and address any exceptions in processing flow. The application's multi-entity structure can support different business segments or geographies out of a single implementation and allows you to decide which operational functions to perform centrally, enabling cost-sharing between these business entities.
Service Provider Information
Key Information
Use Cases
- Annual General Meeting and voting instructions process standardization and automation
- Shareholder identification disclosure process standardization and automation
- Timely notifying eligible shareholders on meetings agenda and voting options
- Compliance with without delay transfer of information
- Voting portal to facilitate exercise of shareholder rights
Benefits
- Manage operational risk: Manage increasingly burdensome volumes for transition from a discretionary service to a mandatory one
- Increased efficiency: Operational efficiency is enhanced due to standardization of flows for shareholder identification disclosure, meetings data and voting instructions
- Comprehensive coverage: Ability to provide a single solution to cover standardized as well as market specific nuances
- Lowering long term TCO: Single code base solution shared across customers to deliver a more cost-effective solution over time