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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.



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