Proxy Voting
Raising the bar for the entire meeting and proxy voting process
Key benefits
- Minimise risk associated with manual processing
- Improve deadlines for decision making
- Maintain audit trails
- Support for all markets
- Comply with regulatory requirements
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Corporations hold meetings annually, as well as for special or extraordinary reasons, to engage their shareholders in governance decisions.
The continuous, extensive growth of foreign investment means extensive cross-border voting with multiple intermediaries to verify entitlements and facilitate the process. Meanwhile, activist investors such as pension funds are demanding better visibility, audit trails, more decision time, and confirmation of their vote. Additionally, all investors need timely results after the meeting, something that has been historically difficult to obtain, especially for their foreign holdings. With over 70 trillion USD of assets held in custody, shareholders worldwide have the right to demand timely notification and informed voting.
The new ISO 20022 standard messages for Proxy Voting will directly address many of these problems. SWIFT's Proxy Voting, by enabling these messages over SWIFTNet, will make straight-through-processing a broadly achievable objective for the first time. Global and local custodians, exchanges, market infrastructures, and proxy agencies will be able to meet their fiduciary responsibility while reducing risk and cost.
Drivers:
Important information:
Check out the Proxy Voting & Shareholder Meetings forum at http://www.swiftcommunity.net/
For further details please contact your SWIFT Regional Account Manager or your nearest SWIFT office.
Latest news
References
More information
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