eToro and Broadridge Partner to Enable Proxy Voting for Retail Investors

eToro, the social investing network, has partnered with Broadridge Financial Solutions Inc. to enable proxy voting for its users.

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eToro users, including those holding fractional shares, will be able to easily participate in annual general meetings (AGMs) by casting a proxy vote on issues such as mergers, executive pay and environmental, social and governance proposals. Votes are submitted by eToro investors, aggregated and shared with the company.

Yoni Assia, CEO and co-founder of eToro, said: "In the last few years we've seen an explosion in the number of retail investors. This group has the potential to have a major influence on financial markets. Thanks to our partnership with Broadridge, eToro's users can now have their say in the corporate decision making at many of the biggest companies in the world. This is a huge milestone in the retail investor story and one that could have a lasting impact on the business world."

Martin Koopman, President, Bank Broker-Dealer Investor Communication Solutions at Broadridge, said: "The substantial growth of retail investors has driven a step change in demand for greater shareholder engagement, with retail investors increasingly seeking to share their voice with the companies in their portfolios by voting on important issues relating to corporate policy. We are excited to be supporting eToro and helping them shape the future of corporate governance through our advanced proxy voting solution, while empowering their clients through a differentiated service proposition."