Systemic fault jeopardises proxy vote integrity

A systemic fault in proxy vote registrations means that investors have no way of confirming that their votes have been received properly and accurately counted. The final step of the proxy voting process is completed manually by registrars and there is no way to confirm that votes have been processed, or to fix errors of reconciliation that may occur when institutional share holdings change over the 30 day period between the announcement of the AGM and the final vote tally.