Thailand Securities Depository Co., Ltd. (TSD) has continued to upscale the e-Proxy Voting service for retail investors, enabling shareholders to authorize their proxies by electronic means when they are unable to attend shareholders’ meetings and cast their votes by themselves. The upgraded service has helped listed companies cut down the use of paper, greenhouse gas emissions, costs and work processes.
TSD Managing Director and The Stock Exchange of Thailand Executive Vice President – Head of Market Operations Group Yupawan Sirichainarumitr said TSD is determined to enhance post-trading services on digital platforms to make the capital market easy for investors, support new forms of transactions in the future and simultaneously create positive impacts on the environment. As listed companies hold annual shareholders’ meetings between March and April of each year, it is an opportunity for TSD to launch the upgraded e-Proxy Voting service to meet retail investor needs by enabling them to exercise their votes easier without having to wait for an invitation letter for shareholders’ meeting and mail back proxy forms. Retail investors are deemed to play important roles in driving the Thai capital market with the maximum shareholding value in Thai shares at 29.66 percent* according to the latest data.
With the e-Proxy Voting service, shareholders can authorize independent directors of companies to attend shareholders’ meetings and cast votes conveniently and swiftly through Investor Portal (IVP),…
TSD promotes e-Proxy Voting for convenience, security and global warming solution – SET News
