Report provides insight on key voting patterns to help companies benchmark shareholder meeting outcomes
Broadridge Financial Solutions, Inc. (NYSE:BR) and PwC’s Center for Board Governance today announced the launch of the first edition of ProxyPulse™, which provides data and analysis on key voting trends and shareholder behavior. This first edition of ProxyPulse covers the 549 annual meetings held between January 1, 2013 and April 23, 2013 — representing 11% of the total number of meetings held during the proxy season. ProxyPulse is the product of a collaboration between Broadridge, the leading provider of investor communication solutions for financial services firms, mutual funds and corporate issuers globally, and PwC’s Center for Board Governance, a group within PwC whose mission is to help directors effectively meet the challenges of their critical roles.
“ProxyPulse assesses important shareholder behaviors and the potential impact of those patterns on voting results,” said Mary Ann Cloyd, leader of PwC’s Center for Board Governance. “By using ProxyPulse to stay informed of shareholder sentiment, companies can better benchmark and more proactively manage their communications with all of their shareholders.”
“It’s axiomatic that broader engagement can help companies develop a more complete view of shareholder sentiment,” said Chuck Callan, Senior Vice President of Regulatory Affairs, Broadridge. “While some companies have ramped up their shareholder engagement programs over the last few years, many of these efforts focus largely on communicating with institutional shareholders. The data shows that retail shareholders hold one-third of the shares, and that opportunities exist for companies to better connect with these potentially influential voters.”
Key findings of the research include:
The analysis is based upon Broadridge’s processing of shares held in street name, which accounts for over 80% of all shares outstanding of publicly listed companies in the U.S.
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