Broadridge helps SLIB to enhance cross-border proxy voting in France
“Together with our partners at SLIB, we have delivered an advanced voting and communications solution that makes it easier than ever for all investors, both those in France and in other markets, to seamlessly cast their votes in the companies they own.”
Broadridge and SLIB, a software editor for electronic voting and securities services based in France, have together announced the go-live of their joint end-to-end global voting solution which enhances shareholder voting in the French market.
The firms stated the move represents a significant addition to the cross-border proxy voting service for France-based investors that hold international shares, launched by Broadridge and SLIB in December 2021.
The joint end-to-end global voting solution will allow customers to reduce exposure to operational and regulatory risk by providing them with an automated, streamlined process throughout the vote processing lifecycle – from the capture and distribution of golden copy issuer meeting announcements to vote execution and confirmation of votes cast.
Support for international investors in French companies and for French investors in foreign companies
Demi Derem, General Manager of Broadridge’s International Investor Communication Solutions, said: “Broadridge remains firmly committed to enabling greater levels of shareholder engagement across markets globally. Together with our partners at SLIB, we have delivered an advanced voting and communications solution that makes it easier than ever for all investors, both those in France and in other markets, to seamlessly cast their votes in the companies they own.”
Philippe Cognet, CEO of SLIB, commented: “In order to attract foreign investment, and in response to regulatory pressures and the requirement for robust ESG policies, there is a foundational need to demonstrate strong corporate governance practices through the provision of efficient vote communications. With Broadridge, the leading global proxy voting provider, as our strategic partner, we can now offer intermediaries a comprehensive and efficient ecosystem, that combines support for international investors in French listed companies, and for French investors in foreign companies.”
Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world.
Its platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income, and other securities globally.