Corporate Actions Reform News
E-voting Named Best Project Focused on Securities Market Development
National Settlement Depository (NSD), Russia’s central securities depository, was named the winner of Russia’s Elite of the Securities Market Awards (these awards are handed out by the National Association of Securities Market Participants (NAUFOR)). The Depository won in the category “Best Project Focused on Stock Market Development” for its e-voting technology.
The Elite of the Securities Market Awards was founded in 2000; it remains one of the most highly regarded awards for the Russian securities market.
The e-voting platform was developed by National Settlement Depository. The new service was first introduced at Sberbank’s Annual General Meeting of shareholders to announce 2016 results.
The e-voting platform is a universal voting mechanism. The platform enables security holders to remotely participate in shareholder meetings that are held either in person or in absentia.
Bella Zlatkis, Deputy Chairman of the Executive Board, Sberbank, said: “E-voting has boosted the development of corporate governance, as well as corporate actions reform. The service provides investors with additional opportunities to exercise their rights. Major companies which conducted their general meetings during spring-summer 2017 using NSD’s technology have been extremely satisfied with the results.”
Maria Krasnova, Deputy Chairman of the Executive Board, NSD, added: “NSD’s goal is to create new opportunities for the qualitative development of Russia’s capital market, and we are happy that the professional community has recognized all the advantages of e-voting. We believe that in the near future the use of e-voting will become a common corporate practice for Russian companies.”