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Technology & Data

Digital Vote Execution Service to Launch in Japan

Investor Communications Japan (ICJ), a joint venture by Broadridge Financial Solutions and the Tokyo Stock Exchange (TSE), has announced plans to launch a new digital vote execution service. The service looks to accelerate end-to-end automation of proxy voting to Japanese issuers, as well as offering issuers, investors and local sub custodians greater efficiency and transparency. In a statement ICJ said that the new service expansion will increase voting participation by international investors and enable the Japanese market to improve corporate governance practices. It will provide electronic proxy voting platform services for Japanese issuers and global institutional investors. In the 2022 Japan proxy season, 1,654 companies listed on the TSE participated in the ICJ platform, representing 90% of the companies in the market and 98% by market cap. Shigeo Imakiire, President at ICJ, said: “We continue to use our global expertise to ensure the ICJ platform provides market leading solutions to improve the proxy voting life cycle for corporate governance events. Japanese issuers participating in ICJ are providing institutional investors with faster access to meeting materials, expanded voting deadlines and accelerated voting capability.”

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