Complete worldwide next-generation proxy voting solution now available to intermediaries and global custodians

Proxymity also enhances Vote Connect Suite with an intelligent POA solution, and new intuitive Investor Portal

LONDON, 30 November 2023 – Proxymity, the leading digital investor communications platform, today announced the official launch of Proxymity Vote Connect Global (VCG). The solution enables complete global coverage of general meetings for any financial intermediary operating across the ecosystem.

VCG seamlessly combines the unique power of Proxymity’s “golden source” issuer and intermediary networks, with the ability to source meetings from, and send voting instructions to, any local intermediary in the world.

Proxymity’s VCG solution offers a complete and holistic experience for all global general meeting and proxy voting activity. By harnessing its power, intermediaries can access the fastest notifications, best in marketplace deadlines, and real-time voting position data. In addition to these benefits, the launch of VCG remains true to Proxymity’s mission of providing unrivalled transparency and accuracy.  

Accessible worldwide, via an intuitive new Investor Portal also launched today, or via Proxymity’s existing connectivity to leading global Vote Advisory agents, VCG provides institutional investors with a real-time, intuitive, and secure access, whilst granting intermediaries unique visibility, data transparency and reporting to oversee their clients’ proxy voting activities.

VCG also brings together a combination of Proxymity’s up to the minute data feeds, and its industry-leading vote recycling technology to reduce global vote rejections by 50%. It does this by utilising a process of systematic reconciliation and recalculation of votes.

Proxymity also announced its customer-centric Power of Attorney (POA) platform for intermediaries. The new, easy to use solution facilitates the secure digital transmission of, and access to, legal documentation via an intuitive user interface, providing up to the second reporting, and document status tracking, throughout the entire custody chain. This reduces the risk of vote rejections by identifying gaps in POA documentation early, so intermediaries can ensure that their clients’ votes are valid and counted, worldwide.

Jonathan Smalley, COO and Co-founder, Proxymity commented: “Today’s announcement is another significant step in our mission to increase the transparency, efficiency and accuracy of proxy voting across the entire global financial ecosystem. By combining the power of Proxymity’s digital investor communications platform with these new and innovative global voting capabilities, Vote Connect Global will hasten the arrival of true shareholder democracy across the globe.”