Science & Technology
Mon, August 15, 2011Sun, August 14, 2011Fri, August 12, 2011Thu, August 11, 2011Wed, August 10, 2011Tue, August 9, 2011Mon, August 8, 2011Sun, August 7, 2011Sat, August 6, 2011Fri, August 5, 2011Thu, August 4, 2011Wed, August 3, 2011Tue, August 2, 2011Mon, August 1, 2011Sun, July 31, 2011Fri, July 29, 2011Thu, July 28, 2011Wed, July 27, 2011Tue, July 26, 2011Broadridge Saves Corporate Issuers More Than $508 Million This Proxy Season
Published in Science and Technology on Thursday, August 4th 2011 at 19:41 GMT by Market Wire
LAKE SUCCESS, N.Y.--([ BUSINESS WIRE ])--Broadridge Financial Solutions, Inc. (NYSE:BR), the nationa™s largest investor communications company, estimates that it saved corporate issuers an unprecedented $508 million this proxy season, compared to $446 million during last yeara™s proxy season, through the use of its cutting-edge technologies. Broadridge achieved these estimated cost savings while processing 12 billion more shares than a year ago.
"Broadridge's technologies for electronic delivery and ProxyEdge®, our complete electronic proxy management system, together with its specialized processing for managed accounts, resulted in the elimination of more than 57% of physical proxy mailings. This led to substantial savings on printing and postage for corporate issuers"
aBroadridge's technologies for electronic delivery and ProxyEdge®, our complete electronic proxy management system, together with its specialized processing for managed accounts, resulted in the elimination of more than 57% of physical proxy mailings. This led to substantial savings on printing and postage for corporate issuers,a stated Robert Schifellite, President, Investor Communication Solutions, Broadridge.
Electronic delivery surged this proxy season, with more than 31 million distributions going through the Internet, a 17% increase over last season. aWe continue to drive increases in Internet participation through investments to help save companies and their shareholders significant sums on paper, printing and postage,a noted Mr. Schifellite. aBroadridge is assisting companies with addressing a troubling decline in retail voting, while also working to accelerate adoption of e-delivery by global shareholders.a
aThe continued fascination with all things digital is evident this season as approximately 150,000 shareholders voted through their mobile devices after Broadridgea™s introduction of Mobile ProxyVote®.com in March. Mobile ProxyVote allows shareholders to vote their shares on an array of market-leading mobile devices. An estimated 30% of those votes came from first-time voters. The growing adoption rate of Mobile ProxyVote reflects rapidly changing preferences to access and act on information on the go,a concluded Mr. Schifellite.
The proxy voting season runs from February 15, 2011 through May 1, 2011. For a full report of Broadridgea™s proxy season stats please visit: [ http://www.broadridge.com/investor-communications/us/Proxy_Stats_2011.pdf ].
About Broadridge
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit [ www.broadridge.com ].
