National Settlement Depository (NSD), Russia’s central securities depository, and VTB Registrar have signed a cooperation agreement.
The parties concluded an agreement to popularize e-voting as an efficient way to ensure that shareholders exercise their rights (to manage and oversee corporations) and participate in general meetings of shareholders.
As part of the agreement, the parties agreed to study the possibility of simultaneously using the e-voting system (NSD) and the Meeting Portal (VTB Registrar) at shareholder meetings.
As a result of this interaction, NSD and VTB Registrar plan to provide broader opportunities to investors and issuers to utilize NSD’s e-voting system.
Also, NSD and VTB Registrar plan to study the opportunity of integrating their platforms for a seamless passage of users between NSD’s and the registrar’s services.
Maria Krasnova, Deputy Chairman of the Executive Board, NSD, said: “Expanding the circle of registrars supporting e-voting will allow NSD to provide more investors with services that have maximum quality and reliability. This is a very important task for us, and resolving it will help promote best corporate practices on the Russian market.”
Konstantin Petrov, CEO, VTB Registrar, added: “VTB Registrar is the largest modern registrar in Russia. We strive to provide our clients with advanced technologies and use a professional approach in fostering interactions with issuers and shareholders. VTB Registrar’s and NSD’s experience will let us offer the most convenient services on the Russian market and will increase its attractiveness for investors. We see NSD as a strong and reliable partner in developing electronic services that allow investors to exercise their rights.”