Nd This Research Again Highlights Where The System Needs To Improve Quot Cost Effective Solutions These Problems Already Exist And Would Be Easy Implement News Today : Breaking News, Live Updates & Top Stories | Vimarsana

LONDON, March 13, 2023 /PRNewswire/ Investors who hold shares in Australian and New Zealand companies through nominees such as a custodian have only five to seven days on average to lodge voting instructions in time for the deadline ahead of shareholder meetings, according to new research. The report, 'Proxy Transformation in Australia and New Zealand', provides key statistics relating to proxy voting as well as compiling answers and information from 89 issuers, intermediaries and investors. It shows that proxy voters have on average 21-23 fewer days to vote or confirm attendance at a meeting than those who hold their shares directly. 60% of institutional investors said they lack the time to properly fulfil their stewardship responsibilities, while 75% of issuers said that they have seen cases of 'lost' votes - where shareholders say they have put forward their votes but they do not emerge from the chain - with 61% also saying they have seen meeting notices fail to re ....

New Zealand , City Of , United Kingdom , Paul Conn , Sian Matheson , Australian Custodial Services Association , Issuer Services , Australasian Investor Relations Association , Proxy Transformation , New Zealand , Global Capital Markets , March 13 , 023 Prnewswire Investors Who Hold Shares In Australian And New Zealand Companies Through Nominees Such Asa Custodian Have Only Five To Seven Days On Average Lodge Voting Instructions Time For The Deadline Ahead Of Shareholder Meetings , Ccording To New Research The Report , 9 Proxy Transformation In Australia And New Zealand 39 , Rovides Key Statistics Relating To Proxy Voting As Well Compiling Answers And Information From 89 Issuers , Ntermediaries And Investors It Shows That Proxy Voters Have On Average 21 23 Fewer Days To Vote Or Confirm Attendance Ata Meeting Than Those Who Hold Their Shares Directly 60 Of Institutional Said They Lack The Time Properly Fulfil Stewardship Responsibilities , Hile 75 Of Issuers Said That They Have Seen Cases 39 Lost Votes Where Shareholders Say Put Forward Their But Do Not Emerge From The Chain With 61 Also Saying Meeting Notices Fail To Reach Institutional Research Was Commissioned By Australian Global Issuer Services Provider , Nd The Digital Investor Communications Platform , Roxymity It Was Supported By The Australasian Investor Relations Association Aira As Well Australian Custodial Services Acsa Paul Conn , Lobal Capital Markets At Computershare , Aid Quot There Is Increasing Recognition Within The Corporate Landscape And Wider Public Of Importance Proxy Voting , Nd This Research Again Highlights Where The System Needs To Improve Quot Cost Effective Solutions These Problems Already Exist And Would Be Easy Implement , Nd It 39s Important That The Industry Works Together To Fix These Issues , Mpower Beneficial Shareholders And Help Improve Corporate Governance Standards Quot Dean Little , Eo Of Proxymity ,