Broadridge Financial Solutions (NYSE:BR) today announced that it has signed Radar, Australia's leading independent proxy solicitor and investor relations firm, as a distributor of its International Shareholder Communications (ISC) portal to the Australian market.
Broadridge's ISC service portal provides optimal vote output for participating corporate issuers or their agents for all shareholder meetings. A web-based service tool, it provides ISC participants with on-demand access to meeting information, including custom daily voting reports and vote direction reports.
The ISC programme addresses the increased demand for corporations to ensure a controlled, direct, efficient, interactive and transparent communication process with shareholders by offering a specialised proxy processing service directly to corporations or their agents. The Broadridge international proxy distribution process includes distribution of the general meeting announcement to shareholders, as well as vote collection, processing, and reporting on behalf of global custodian and broker clients.
Euan Prentice, Head of Corporate Development, Radar, said "Corporate governance continues to take a higher profile in Australia and we believe Broadridge's ISC programme offers a great opportunity for Australian issuers to improve their shareholder communications."
"Broadridge is pleased to be entering into an alliance with Radar. Australia is a strategic market for us and we look forward to working with Radar as we continue to market our ISC portal," said Bruce Babcock, President, Investor Communication Solutions, International, Broadridge.