Helping European corporations manage quorum requirements

Due to stringent voting requirements, European companies often have difficulties establishing a quorum for shareholder meetings. Thus, the individuals responsible for compiling vote totals are forced to spend precious time tracking votes through the chain of holders to determine whether they have been voted, rather than focusing on higher-level shareholder communications. Even worse are the costs and risks associated with calling a second meeting due to the lack of a quorum.

Delivered through our corporate issuer platform, Vote Status Tracker provides investor relations professionals, company secretaries and proxy solicitors with peace of mind, by helping them monitor the progress of meeting votes, from the time the vote opens through the meeting date. This tool simplifies the process of achieving quorums by allowing you to focus your efforts on key accounts.

Benefits of Vote Status Tracker 

• Quickly reconcile shares available to be voted with votes received from subcustodians and voting agents
• Reduce expense associated with having to reschedule meetings due to lack of quorum
• Dynamic online reporting, updated four times a day
• Email alerts let you know when your reports are ready
• Print detailed, executive-ready progress reports
• Ability to download vote status data for further analysis
• Coverage includes votes processed by Global Proxy Distribution, totaling over 875 billion shares across 115 global markets in 2006

Please contact us for more information about Vote Status Tracker.

In accordance with our Business Practices, this solution is delivered by ISS Corporate Services, Inc. (ICS), a wholly owned subsidiary of RiskMetrics Group, Inc.