Broadridge and SLIB proxy voting solution goes live in France
09 December 2021 France
Image: PureSolution/stock.adobe.com
Broadridge and SLIB, a France-based software vendor in electronic voting and securities services, has announced the go-live of their joint cross-border proxy voting solution.
The solution enables intermediaries such as banks, brokers and wealth managers, that serve France-based investors, to meet mandatory obligations to support voting for European shareholder meetings under the updated Shareholder Rights Directive (SRDII).
Speaking on the announcement, Demi Derem, general manager of Broadridge鈥檚 International Investor Communication Solutions, says: 鈥淭he collaboration with SLIB, together with l鈥橝ssociation Fran莽aise des Professionnels des Titres (AFTI), the French industry association, has been meticulously designed and implemented by experienced and deeply knowledgeable experts from all relevant stakeholders.
鈥淔inancial Intermediaries in France can now meet their regulatory obligation to provide cross-border electronic meeting notifications and end-to-end proxy voting services to their French investors, while helping to transform corporate governance standards across Europe through increased levels of shareholder democracy and stewardship.鈥�
Philippe Cognet, CEO of SLIB adds: 鈥淪RDII has mandated a pronounced change in European corporate governance practices, requiring careful planning at a market level to enable the compliance of all actors. By partnering with Broadridge, we have combined their global proxy voting infrastructure with our Votaccess platform for French intermediaries and investors, resulting in a solution that delivers higher rates of cross-border processing efficiency and governance automation.鈥�
The solution enables intermediaries such as banks, brokers and wealth managers, that serve France-based investors, to meet mandatory obligations to support voting for European shareholder meetings under the updated Shareholder Rights Directive (SRDII).
Speaking on the announcement, Demi Derem, general manager of Broadridge鈥檚 International Investor Communication Solutions, says: 鈥淭he collaboration with SLIB, together with l鈥橝ssociation Fran莽aise des Professionnels des Titres (AFTI), the French industry association, has been meticulously designed and implemented by experienced and deeply knowledgeable experts from all relevant stakeholders.
鈥淔inancial Intermediaries in France can now meet their regulatory obligation to provide cross-border electronic meeting notifications and end-to-end proxy voting services to their French investors, while helping to transform corporate governance standards across Europe through increased levels of shareholder democracy and stewardship.鈥�
Philippe Cognet, CEO of SLIB adds: 鈥淪RDII has mandated a pronounced change in European corporate governance practices, requiring careful planning at a market level to enable the compliance of all actors. By partnering with Broadridge, we have combined their global proxy voting infrastructure with our Votaccess platform for French intermediaries and investors, resulting in a solution that delivers higher rates of cross-border processing efficiency and governance automation.鈥�
Next industry article →
Fidelity Digital Assets granted official status for crypto asset activities by FCA
Fidelity Digital Assets granted official status for crypto asset activities by FCA
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
