Saxo Bank offers you the opportunity to attend a shareholders' meeting, and/or to cast your vote digitally.
What is shareholder voting?
With shareholder voting rights, you can vote on important matters that can affect the company that you invest in - such as dividend payouts, proposed mergers & acquisitions and who should be elected to the board of directors. Shareholder voting is a proxy voting process that allows investors to share their views with a company's leadership, thus helping to ensure the company's business decisions and direction are in alignment with most of its shareholders.
What are the benefits of voting?
The benefit of placing a vote is that you have a say and input regarding the items that are voted on in companies where you are a shareholder.
How do I register for shareholder voting?
You can do this via SaxoInvestor: > Corporate Actions > Shareholders' Meetings > Subscription. You can then use the Activate button to turn on the service. After you have given an agreement, it may take up to 24 hours for the service to be activated on your account.
How do I communicate my choice?
To place a vote, first, navigate to > Corporate Actions > Shareholder voting
If you are not subscribed to the service you will see a blue Subscribe button. To enable subscription for proxy voting you must select the Subscribe button.
Once you have subscribed, it will take 24 hours for your subscription to become live.
Once it is live, the blue button on your Shareholder Voting page will now show as Subscription (this means that you are now subscribed to the service). You will then see under the Action tab a Show Ballot link.
Then, click on the Show Ballot link and it will take you to the meeting vote page. Here, you will see 3 options:
Under Meeting Agenda, you will be able to vote on the meeting electronically. By scrolling down, you will be able to see all the agenda items and your vote options where you can make your selection
Under Learn Before You Vote, you will find further information on the items in the meeting agenda:
If you wish to Attend a Meeting in person, you will need to complete the form shown here in order to receive your AGM card which you will require to attend the meeting in person:
For clients wishing to attend the meeting in person, all * fields must be completed and submitted. Once this is done the details will be confirmed and an AGM card will be raised and sent to clients.
Please note, that if an email address is advised by the Client, the AGM card will be sent via email. If no email is advised it will be sent by post to the address submitted.
How can I register one (or more) additional people?
If you wish to attend the meeting with more than one person then under 'Comments/Special Instructions' you will need to enter the details of the additional person you wish to bring. In this field you will enter the following details:
- Date of Birth
- E - mail
- Number of shares
Do I have to pay?
Yes, the details of the costs are on the Saxo site. We allow proxy voting as an additional service. It costs 30 euros annually to subscribe to proxy voting, and 5 euros per vote you cast.
How do I deactivate the service?
You deactivate the service via: > Corporate Actions > Shareholder Meetings > Subscription > Terminate.