Mirror voting(redirected from Mirror Vote)
In mirror voting, a block of new votes is cast proportionally to reflect, or echo, the way that previous voters split on a particular issue.
Using mirror voting, some brokerage firms vote proxies on behalf of non-voting beneficial owners in the same proportion as the outcome determined by shareholders who did vote their proxies.
For example, if 100 shareholders cast 60 votes for a proposal and 40 votes against, the brokerage firm would follow the 3:2 proportion in voting the proxies of the non-voting shareholders.
Brokerage firms are not required to use mirror voting, also known as shadow voting or echo voting, but may do so voluntarily.