The National Settlement Depository (Russia’s central securities depository) is developing an electronic voting platform for its shareholder meetings. The new service would be available in 2017.
This new e-voting platform will allow security holders to remotely participate in meetings. Shareholders will be able to register for a meeting, study materials and express their opinion by filling out the electronic ballot on a specialized website.
Authorization to vote will be carried out through the Unified System of Authorization and Authentication of the State Service Portal within the framework of the new platform. Therefore, shareholders who already use state services via the portal will have suitable access to the e-voting service.
Maria Krasnova, Deputy Chairperson of the Executive Board stated: “E-voting is a revolutionary platform not only for the Russian market, but also for most foreign markets, including developed ones.”
This voting system has been used successfully in Turkey, India, Korea and Taiwan as well as in other markets. E-voting remarkably increases shareholder interest (including foreign ones) at annual meetings, and also upgrades market attractiveness for global investors.