Proxy Voting

Per Broadridge, a leading FinTech company and proxy services provider. 

So, what is a proxy vote?

Public companies and mutual funds hold shareholder meetings where key issues on business strategy or how the organization is governed are discussed. When it comes to certain issues, a proposal must be raised and presented for approval by shareholders. While proxy votes are usually associated with public companies, mutual funds are organized as investment companies and have many of the same obligations and reporting requirements.  

Shareholder meeting attendees are asked to vote on issues that impact the future direction of the company or fund. And while the majority of shareholders never attend these meetings, they are still able to have their voice heard by voting by proxy.