Broadridge and Taiwan DCC achieve 100 percent e-voting
April 12, 2018

Broadridge Financial Solutions, a global financial technology (fintech) player, and Taiwan Depository & Clearing Corporation (TDCC) have announced that the Taiwan Stock Market has achieved 100 percent e-voting for shareholder meetings. Broadridge says this milestone brings with it increased transparency for annual general meetings (AGM) for shareholders in Taiwan and enhanced corporate governance.

This follows an August 2014 agreement between Broadridge and TDCC to establish direct links between Broadridge's global proxy service and the Taiwan bourse's then newly adopted electronic voting system, StockVote. This link brought the benefits of StockVote to foreign shareholders voting in Taiwan for global custodians and their institutional investor clients. Prior to this development, voting in Taiwan was handled primarily by local banks and often required locally registered shareholders to physically attend meetings, a stipulation that complicated participation by overseas shareholders. 

Demi Derem, who spearheads Broadridge's international efforts for its investor communication solutions, commented: "The adoption of Broadridge's direct vote submission service enabled the Taiwan Stock Market to replace manual processing of shareholder voting with straight-through processing (STP) via electronic file. STP enables a standardized and automated cross-border voting process that ensures smooth, accurate and cost-effective execution for custodian banks."





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Broadridge Financial Solutions, a global financial technology (fintech) player, and Taiwan Depository & Clearing Corporation (TDCC) have announced that the Taiwan Stock Market has achieved 100 percent e-voting for shareholder meetings. Broadridge says this milestone brings with it increased transparency for annual general meetings (AGM) for shareholders in Taiwan and enhanced corporate governance.

This follows an August 2014 agreement between Broadridge and TDCC to establish direct links between Broadridge's global proxy service and the Taiwan bourse's then newly adopted electronic voting system, StockVote. This link brought the benefits of StockVote to foreign shareholders voting in Taiwan for global custodians and their institutional investor clients. Prior to this development, voting in Taiwan was handled primarily by local banks and often required locally registered shareholders to physically attend meetings, a stipulation that complicated participation by overseas shareholders. 

Demi Derem, who spearheads Broadridge's international efforts for its investor communication solutions, commented: "The adoption of Broadridge's direct vote submission service enabled the Taiwan Stock Market to replace manual processing of shareholder voting with straight-through processing (STP) via electronic file. STP enables a standardized and automated cross-border voting process that ensures smooth, accurate and cost-effective execution for custodian banks."



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