Report provides insight on key voting patterns to help companies benchmark shareholder meeting outcomes
New York, June 4, 2013 – 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.
Visit proxypulse.com to access the full version of the ProxyPulse report.
For more insight and expert analysis on the latest proxy season voting updates, please join PwC’s special webcast on Monday, June 10, 2013 from 3:30-4:30pm ET, presented in conjunction with Broadridge and the Society of Corporate Secretaries and Governance Professionals. To register, please click here.
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 14 countries.
For more information about Broadridge, please visit www.broadridge.com.
About PwC's Center for Board Governance
PwC's Center for Board Governance is a group within PwC whose mission is to help directors effectively meet the challenges of their critical roles. This is done by sharing governance leading practices, publishing thought leadership and offering forums on current issues.
For more information, please visit http://www.pwc.com/US/CenterForBoardGovernance.
Jenna J. Focarino
The Torrenzano Group
+1-212 -681-1700 ext.115