Asset Services Industry News | Broadridge and SLIB proxy voting solutions launched in France

2021-12-14 11:57:49 By : Mr. Yichen Huang

French journalist Carmella Haswell on December 13, 2021

Broadridge and the French electronic voting and securities service software provider SLIB announced the launch of their joint cross-border proxy voting solution. The solution enables intermediaries such as banks, brokers, and wealth management institutions that provide services to French investors to fulfill their mandatory obligations and support voting on the European General Meeting of Shareholders in accordance with the updated Shareholder Rights Directive (SRDII). Demi Derem, General Manager of Broadridge International Investor Communication Solutions, said of the announcement: "The cooperation with SLIB and the French industry association l'Association Française des Professionnels des Titres (AFTI) has been carefully designed and implemented by all relevant stakeholders. It is composed of experienced and knowledgeable experts. “French financial intermediaries can now fulfill their regulatory obligations to provide French investors with cross-border electronic conference notifications and end-to-end proxy voting services, while at the same time improving shareholder democracy and management. Help change corporate governance standards across Europe. "SLIB CEO Philippe Cognet added: "SRDII requires significant changes in European corporate governance practices, requiring careful planning at the market level to ensure compliance for all participants. By cooperating with Broadridge, we combined their global proxy voting infrastructure with our Votaccess platform for French intermediaries and investors to form a solution that can provide higher cross-border processing efficiency and governance automation rate. "