The Working Group will provide a collaborative environment to:
Identify common industry challenges in operational processes across the fund lifecycle.
Explore innovative solutions to enhance efficiency, accuracy, and investor outcomes.
Strengthen connectivity between Investment Managers, Unit Registries, and Custodians.
The Proxy Working Group is responsible for:
Operational processing pain points and inefficiencies
AGM timing - Should AGMs be more evenly distributed throughout the year?
Meeting timetables including Record date in relation to Meeting date
Separation of voting entitlement date and vote instruction date
Considerations for voting in T+1 settlement
Voting on unlisted securities – barriers to standardization
Value to ACSA Members:
Adds to the Association’s focus on operational best practices, standardisation and efficiency
Provides platform for industry discussion and programs related to Proxy Voting operational and regulatory challenges
Collates useful information on the state of play to encourage dialogue and shared learning on systemic (pre-competitive) issues.
Charter:
Improve operational processes related to Proxy Voting.
Communicate to ACSA members, and broader stakeholders, including ASX, issuer associations and regulators on working group matters
How do we do this?
Improve operational processes related to Proxy Voting.
Communicate to ACSA members, and broader stakeholders, including ASX, issuer
associations and regulators on working group matters
Inaugural Chair
Scott Oakland (Proximity)
Other Support
Executive Sponsor – TBD [David Travers (ACSA)]
Working group members from the ACSA member base
Potential members from ASX, Market Makers and Issuers (TDB)
“I reflect on my involvement with the ACSA community with pride as the collective engagement has allowed me personally to contribute to the positive shaping of the market today on a scale individuals or individual firms would not be able to achieve in
isolation. On a personal level it has exposed me to subject matter, like-minded people and career opportunity that was otherwise unattainable and would highly recommend the experience."
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