PR97216

TOKYO, July 28, 2022 /PRNewswire=KYODO JBN/ --

Investor Communications Japan (https://c212.net/c/link/?t=0&l=en&o=3604428-1&h=1848194152&u=https%3A%2F%2Fwww.icj.co.jp%2Fen%2F&a=Investor+Communications+Japan) (ICJ), a joint venture by Broadridge Financial Solutions, Inc (https://c212.net/c/link/?t=0&l=en&o=3604428-1&h=3148007283&u=http%3A%2F%2Fwww.broadridge.com%2F&a=Broadridge+Financial+Solutions%2C+Inc.). (NYSE:BR), a global Fintech leader, and the Tokyo Stock Exchange Inc

(https://c212.net/c/link/?t=0&l=en&o=3604428-1&h=2582680470&u=https%3A%2F%2Fwww.jpx.co.jp%2Fenglish%2Fcorporate%2Fabout-jpx%2Fprofile%2F01.html&a=Tokyo+Stock+Exchange+Inc.). (TSE), announced today that the number of share-issuing companies on its electronic proxy voting platform (the Platform) has exceeded 1,700 listings, an increase of 499 companies since June 2021.

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As of June 2022, over 1,600 companies listed on the Prime Market of the TSE

participate in the Platform, representing 87% of the companies in that market

or 98% by market capitalization. In addition, over 100 companies listed on the

Standard Market and over 20 companies listed on the Growth Market participate

in the Platform, and in June of this year, over 1,200 of all companies listed

on the TSE that held general meetings of shareholders participated in the

Platform (up by over 300 companies).

"Increasing numbers of listed companies and institutional investors are seeking

to ensure sufficient time to exercise voting rights based on constructive

dialogue and the Platform better enables this process," said ICJ President,

Shigeo Imakiire. "This increase in companies joining the Platform is proof that

the voting environment has dramatically improved to facilitate the objectives

of Japan's Corporate Governance and Stewardship codes."

"ICJ will continue working to strengthen the competitiveness of Japan's capital

markets and advance corporate governance through the digitalization of general

shareholder meeting processes. ICJ aims to support effective dialogue between

companies and investors, and the realization of greater operational efficiency

and provision of valuable services for general shareholder meeting

participants."

Digitizing and Streamlining

"Broadridge is proud to support the ongoing growth of electronic proxy voting

in Japan, by providing innovative digital technology solutions to benefit

issuers and investors and help modernize the industry," said Demi Derem,

managing director of International Investor Communication Solutions at

Broadridge. "Through our collaboration in the Japan market, we enable greater

issuer and shareholder participation, market wide transparency, and set the

standard for proxy communications and voting."

The ICJ Platform digitizes the processes of general shareholders meetings to

streamline operations and contribute to the competitiveness of Japan's capital

markets. It helps listed companies engage constructively with institutional

investors by providing the opportunity for well-informed engagement before,

during, and after shareholder meetings.

Increased Interest

Listed Japanese companies using the platform increased substantially following

its March 2006 launch and accelerated after the implementation of the Corporate

Governance Code in 2015 and the recommendation to use the Platform by the

Ministry of Economy, Trade and Industry's Study Group on Promoting

Electronification of Processes for Shareholder Meetings in 2016.

More recently, a revision made to the Corporate Governance Code in 2021 that

requests Prime Market-listed companies promote the use of electronic voting

platforms further accelerated this trend. After almost 18 years, the Platform

has become a key part of the infrastructure of Japan's capital markets.

ICJ is part of Broadridge's local market commitments to enhance corporate

governance and increase shareholder democracy at a national level in markets

around the world. Broadridge's infrastructure serves as a global communications

hub, enabling higher standards of corporate governance and investor stewardship

by linking thousands of public companies and mutual funds to tens of millions

of individual and institutional investors around the world.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with $5

billion in revenues, provides the critical infrastructure that powers

investing, corporate governance, and communications to enable better financial

lives. We deliver technology-driven solutions that drive business

transformation for banks, broker-dealers, asset and wealth managers and public

companies. Broadridge's infrastructure serves as a global communications hub

enabling corporate governance by linking thousands of public companies and

mutual funds to tens of millions of individual and institutional investors

around the world. Our technology and operations platforms underpin the daily

trading of more than $9 trillion of equities, fixed income and other securities

globally. A certified Great Place to Work(R), Broadridge is part of the S&P

500(R) Index, employing over 13,000 associates in 21 countries. For more

information about us, please visit www.broadridge.com.

About ICJ

Investor Communications Japan, Inc. (ICJ) is exclusively providing electronic

proxy voting platform services for Japanese issuers and global institutional

investors. The participants on ICJ platform are: 1,738 Japanese issuers, 6

transfer agents, 3 master trusts banks, 6 subcustody banks, 17 global custody

banks and about 4,500 institutional investors worldwide. ICJ delivered 36 % of

all voting shares of ICJ participating issuers in June 2022 AGM peak season.

For more information of ICJ and participating issuers, please visit

www.icj-co.jp.

Media contact:

Ashton Consulting: broadridgejapanpr@ashton.jp

SOURCE  Broadridge Financial Solutions, Inc.