More public companies see value in electronic delivery of proxymaterials and electronic voting, according to annual statisticsfrom Broadridge, a technology services company that provides proxyservices for investors who own shares through brokerage firms.

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In fact, Broadridge, which handles 90% of proxy activity forshares held in street name, estimates that its technology savedcorporate issuers more than $522 million this proxy season byreducing printing and mailing costs for proxy materials—which costan average of around $5.80 per package—and helping companiesconsolidate the materials they do mail.

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The average quorum at meetings between March 1 and June 1 was 82.7%. New rules from the Securities and ExchangeCommission led to a decrease in broker votes, but Broadridgestatistics show a greater percentage of votes were cast withshareholders' instructions this proxy season—67.9%, up slightlyfrom 67.2%. Broker voting accounted for only 14.8% of that 82.7%average quorum.

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Twice as many shares were voted using Broadridge's Internetplatform than using paper voting forms, and users cast four timesas many votes using its mobile platform this proxy season as in2011. Broadridge eliminated 60% of its physical mailings, up from57% last year.

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“There's been a significant and ongoing effort of digitalconversion for the purposes of proxy voting that's unmatchedanywhere in any other proxy system,” says Chuck Callan, senior vicepresident of regulatory affairs at Broadridge.

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Many of the shares returned to Broadridge come from ProxyEdge,its electronic platform for institutional investors, but thecompany's retail investor platform and telephone voting system alsoplay a part. The company says 95.5% of all its shares returnedreflect electronic voting of some kind.

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See more Broadridge statistics here.

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