ICJ breezes through 800 mark

Broadridge Financial Solutions says that Investor Communications Japan (ICJ), a joint venture of Broadridge and the Tokyo Stock Exchange (TSE), has exceeded 800 participating share-issuing companies on its electronic proxy voting platform.  

There were 834 issuers on the platform as of May 2, which Broadridge calculates represents 80 percent growth over the past three years.

Broadridge says the ICJ platform contributes to realizing a constructive dialogue between listed companies and institutional investors, and helps to promote high standards of corporate governance. It connects stakeholders involved in a given shareholder meeting, utilises Broadridge’s internet voting, recordkeeping and reconciliation technologies. Managing communication flows between participating companies and institutional investors, the ICJ platform ensures efficient and accurate voting.

Current users include 87% of TSE-listed companies in terms of market capitalisation, 97% of Nikkei 225 index constituents and 84% of Japan Exchange Group (JPX)-Nikkei Index 400 constituents. Broadridge says that it supported 60,776 proxy meetings in global markets in 2016, with issuers located in 119 countries.