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Mirror voting |
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Mirror voting. 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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