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  • Safi Bello

Citi Successfully Pilots New Digital Platform to Transform Proxy Voting

Citi press release --------- Citi announced today the successful pilot of a new digital proxy voting platform, ProxymitySM, which directly connects and authenticates the issuer and investor and makes the voting process more efficient, accurate and transparent. The platform, which is supported by Computershare for registry services, will initially be rolled out in the U.K. market for the 2018 proxy season with plans for additional market expansion later in 2018. Proxymity uses a core algorithm to streamline the flow of information between intermediaries. It eliminates intermediary cut-off dates ensuring investors have the maximum amount of time to research the Annual General Meeting (AGM) and cast their votes through the platform while enabling issuers to receive votes in real time. It also offers confirmation to the investor that the vote was received and counted at the meeting, providing certainty that their fundamental shareholder right has been upheld. To learn more click on the picture below to read the release.

Citi Successfully Pilots New Digital Platform to Transform Proxy Voting - Read More from Citi

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