Digital proxy voting by institutional investors is expected to become a bigger focus at Annual General Meetings in 2020 after the successful deployment in Australia of Citi’s ProxymitySM voting platform, in collaboration with Computershare, during the recent AGM season.
In its first large-scale adoption in Australia in late 2019, Proxymity was employed for 561 Australian shareholder meetings with votes covering A$86 billion (US$58 billion) shares being performed across the Proxymity Platform.