Access the latest news, analysis and trends impacting your business.
Explore our insights by topic:
Additional Broadridge resource:
View our Contact Us page for additional information.
One of our sales representatives will contact you about your submission.
Welcome back, {firstName lastName}.
Not {firstName}? Clear the form.
Want to speak with a sales representative?
Your sales rep submission has been received. One of our sales representatives will contact you soon.
Our representatives and specialists are ready with the solutions you need to advance your business.
Want to speak with a sales representative?
Table Heading | |
---|---|
+1 800 353 0103 | North America |
+442075513000 | EMEA |
+65 6438 1144 | APAC |
Your sales rep submission has been received. One of our sales representatives will contact you soon.
Want to speak with a sales representative?
Table Heading | |
---|---|
+1 800 353 0103 | North America |
+442075513000 | EMEA |
+65 6438 1144 | APAC |
Nos représentants et nos spécialistes sont prêts à vous apporter les solutions dont vous avez besoin pour faire progresser votre entreprise.
Vous voulez parler à un représentant commercial?
Table Heading | |
---|---|
+1 800 353 0103 | Amérique du Nord |
+1 905 470 2000 | Canada Markham |
+1 416 350 0999 | Canada Toronto |
Votre soumission a été reçue. Nous communiquerons avec vous sous peu.
Vous souhaitez parler à un commercial ?
Table Heading | |
---|---|
+1 800 353 0103 | Amérique du Nord |
+1 905 470 2000 | Canada Markham |
+1 416 350 0999 | Canada Toronto |
LONDON, October 6, 2022 – Although the updated Shareholder Rights Directive (SRD II) has been a positive step for increasing transparency and automation through the digitalization of proxy voting in Europe, there is an opportunity for further progress given the varying implementation standards across the region, according to a newly released white paper sponsored by global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR).
The white paper, “SRD II and Beyond - The Continuing Effort to Enhance Issuer to Investor Communication ”, published by Firebrand Research, highlights the significant focus of the European Securities and Markets Authority (ESMA) and the European Commission (EC) on the asset servicing space to increase transparency and engagement between issuers and investors. These efforts specifically encourage automation and shareholder participation in corporate governance activities such as proxy voting.
The white paper draws particular attention to the varying levels of SRD II adoption across European states, and the current status at a market level. As SRD II was a directive rather than a regulation, each member state had discretion on how rules within the directive were transposed into local laws, resulting in the implementation of several different interpretations of the directive. Based on Broadridge’s analysis, 75% of eligible intermediaries that have holdings in SRD II markets are yet to fully adopt the SMPG-recommended MX20022 messaging required by the directive.
“ESMA will likely address any outstanding SRD II transposition delays with national competent authorities over the next 24 months,” said Virginie O’Shea, founder and CEO of Firebrand Research. “In the meantime, there is an opportunity for market intermediaries to advance their state of readiness in order to address any unmet market level compliance obligations.”
“Given the popularity of governance as a topic due to ESG investment strategies and investor appetite, the market can expect the volume of voting at general meetings to increase year on year,” said Demi Derem, general manager of International Investor Communication Solutions, Broadridge.“This in turn will require intermediaries – banks, brokers, wealth managers and CSDs - to further automate processes for all markets, locally and internationally, through a robust end to end service for the proxy voting lifecycle.”
To download the SRD II and Beyond - The Continuing Effort to Enhance Issuer to Investor Communication report, click here.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.
For more information about us, please visit www.broadridge.com.
To contact media relations, please email us at mediarelations@broadridge.com.