Peresec joins Strate e-Voting platform
We welcome Peresec as the first broker to join our e-Voting family, marking another significant milestone in our journey to advance digital voting solutions.
Through full integration with our core CSD platform, the e-Voting service is a secure web-based application that enables digital shareholder meetings for both South African and foreign-incorporated companies.
e-Voting seamlessly connects issuers and investors throughout the proxy voting lifecycle, increasing transparency and efficiencies across the value chain.
“In line with the Peresec ethos of ‘People, Partnerships and Platforms’, signing up on the Strate e-Voting platform ticks all our ethos boxes. The engagements with the Strate team (people) have been great, from onboarding to go-live. We have the comfort of knowing we are partnering (partnership) with a market leader in our ecosystem that adds another world-class system (platform) to the Peresec offering,” says Lester Bailey, Director: Prime Broking and Settlements at Peresec.
Peresec’s CSD Participant is Standard Bank. Palesa Banda, Head of Custody at Standard Bank, South Africa, says: “Transitioning clients to an electronic means of voting is part of our strategic drive to de-risk and reduce the manual footprint in our operational environment. The benefits realisation is clear – a shift to an automated means of reporting and voting, streamlined voter participation, easier traceability, and an enhanced voting experience for our clients. Standard Bank remains committed to partnering with third-party proxy providers to revolutionise traditional voting methods and re-direct clients to more efficient and advanced means of voting.”
Reflecting the significant expansion of Strate’s user base, we have now operationalised 28 clients, with a total of R3.563 trillion in assets under management onto the e-Voting platform. The growing number of clients leveraging the efficiencies of the e-Voting platform demonstrates its strong value proposition.
The benefits of our e-Voting platform include:
- Real-time voting from any location
- Ability for voters to change their vote at any time before meeting close
- Ability for voters to direct questions to the meeting chairperson
- No manual intervention at any stage in the value chain
- Improved corporate governance through interactive, audited reports
- Data security using blockchain technology
- A true end-to-end solution
To find out more about Strate’s e-Voting platform, please contact our e-Voting team on e-Votingteam@strate.co.za.