100% of ASX 50 companies are now connected via Proxymity’s Vote Connect platform 

Melbourne, Australia, December 1, 2025: Australia’s proxy voting infrastructure was once hindered by manual processes, paper-based workflows and fragmented communication across issuers, registrars, custodians and investors. These challenges were first documented by the Australian Council of Superannuation Investors (ACSI) in its 2012 proxy voting study. 

A new report from Proxymity reveals that it has changed, with Australia now seen as a global benchmark for digital investor communications. 

From legacy burden to a fully digital network 

In 2012, ACSI identified major weaknesses in the proxy chain: delayed ballots, limited visibility of underlying holdings, inconsistent messaging and frequent mismatches between votes cast and votes recorded. 

Today, the landscape looks entirely different. 

According to Proxymity’s new report, Revolutionising Proxy Voting in Australia: Overcoming Legacy Inefficiencies with Proxymity, the market now benefits from real-time reconciliation, direct connectivity between issuers and intermediaries, and version-controlled agenda distribution. These capabilities ensure that votes are transmitted using accurate and current data, market deadlines remain aligned, and participants across the chain have greater confidence in the information they receive. 

Key milestones and market impact 

Since going live in Australia, Proxymity has delivered a steep-change in transparency, efficiency and investor engagement: 

• Over 20,000 meetings and more than 500,000 votes have been processed through the platform. 

• Institutional vote participation has increased by 150% year-on-year, according to market participants cited in the report. 

• Major registrars, custodians and sub-custodians have replaced fax-based and manual file transfers with fully automated, encrypted APIs and structured digital messaging. 

For issuers and registrars, this shift means fewer missed or rejected votes, reduced over- or under-voting risk and improved auditability. 

For custodians and intermediaries, it drives scalable ENT (entitlement) processing, clearer deadlines and lower operational cost. 

For investors, it brings unprecedented transparency, including visibility of how holdings translate into voting power and verified confirmation that votes were received and counted. 

Industry leadership and market collaboration 

Dean Little, Co-Founder & CEO of Proxymity, said: 

“Australia has embraced innovation in corporate governance faster than almost any other market. Through collaboration and advanced digital infrastructure, we’ve built a transparent network that ensures every investor’s voice is verified and heard in real time. This white paper reflects how far the market has come – and how digital transformation is setting a global benchmark for best practice.”

This transformation has been enabled through deep collaboration across the ecosystem, including partnerships with Computershare, MUFG, major sub-custodians and global custodians. The result is near-universal adoption across the ASX 50 and a clear blueprint for other regions evaluating their own proxy voting reforms. 

Paul Conn, President of Global Capital Markets at Computershare, added his thoughts:

“Good governance depends on clear, direct communication between companies and their investors. Proxymity’s platform ensures those interactions are efficient, transparent and precise, and we are proud to support its continued success.”

A global benchmark, and a path forward 

While Australia is now one of the world’s most mature digital proxy voting markets, many global jurisdictions continue to grapple with position-data latency, manual cross-border workflows and outdated messaging standards. 

The report highlights why modernisation is no longer optional and how digital connectivity can improve governance outcomes, strengthen stewardship and support more informed decision-making across markets. 

Explore the full findings by downloading the report. 

This story was originally published on Newswire.