The latest statistics have arrived on Corporate America’s use of “notice and access,” or e-proxy rules, this season. Two trends are clear: savings are up, and retail voting is down.
That’s according to proxy processing firm Broadridge, which has compiled data on 566 companies that have used the new notice-and-access rules that went into effect at the start of this year. Through the end of April, 70 percent of those companies have at least 10,000 beneficial holders and realized an estimated $132 million in savings on printing and postage costs, says Chuck Callan, Broadridge’s head of regulatory affairs.
