Guidance note on “Practical issues around voting at general meetings” published on 17 April 2012. Focuses on public company general meetings and addresses “the operation of the UK voting process” (in particular problems around the delivery, receipt and recognition of proxy votes), setting out the approach taken by the outsourced registrars – Computershare, Capital and Equiniti.
The Guidance contains a 2011 analysis by one registrar, showing how near to the proxy deadline most proxies are delivered: “48 hours before the Proxy Deadline most companies had received proxy appointments in respect of only 20% of capital; 24 hours before the proxy deadline this had risen to 50%; and by the Proxy Deadline itself had risen to almost 70%.”
