How Can Current Proxy Voting Initiatives Be Turned Into a Competitive Advantage?

Swingvote
Diana Bourke, President & COO
Runtime: 5:37

Key Takeaways:

1. Current Proxy Voting Initiatives:
   • Proxy Working Group: Proposed elimination of broker discretionary vote (10 day rule)
   • SIFMA: Issued best practices for proportional voting of broker discretionary voting
   • SEC: Published Rule S7-10-05, Notice and Access Rule (eProxy)
   • SEC: No decision on changes to shareholder access to the ballot
   • SWIFT: Completed pilot for the ISO 20022 Proxy Transaction Set
2. To Turn These Current Proxy Voting Initiatives Into a Competitive Advantage:
   • Prioritize investments in technology
   • Adopt a strategic partnership approach for non-core activities
   • Commit to an open technology and content architecture
   • Work with industry associations and be actively involved in their implementation approach
   • Provide educational information to employees and clients