Digital innovation
Introducing Proxymity
Institutional investors from around the world can now register their votes for Australian Annual General Meetings (AGMs) in less than 30 seconds, thanks to the widespread adoption of Proxymity, Citi and Computershare’s pioneering digital proxy and investor communication platform.
Using Proxymity, companies can receive real-time confirmation of investor votes as soon as they are entered onto the platform, from the meeting announcement through to the voting deadline. By removing the complex ownership chain, Proxymity delivers increased transparency, enhanced efficiency and improved risk mitigation.
Gone are the days of waiting around for custodians to submit votes, which often occurs at the last minute. Issuers now have visibility on how votes are tracking in real time via Issuer Online.
Paul Conn, President of Global Capital Markets at Computershare, said:
“Proxymity represents a fresh and pioneering approach to bringing corporate issuers and institutional investors closer together, making the proxy voting process more efficient and more accurate.
“The improvement in transition times is a significant improvement on the existing process, especially considering that the time taken to transmit a vote is currently measured in days, as opposed to the minutes and seconds that Proxymity can deliver.”
“The roll out of Proxymity in Australia is yet another example of our commitment to providing innovative digital solutions that address the challenges our clients face."
We are in the early stages of launching this product to the market, and currently you have access to track Citibank investors only. We are excited to see how this tool will benefit you as Proxymity continues to expand and we bring more custodians onto the platform.
Please reach out to your relationship manager if you have any questions or if you would like to discuss how Proxymity can benefit you and your business.
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