ACSI continues to monitor and talk to regulators about improving the voting process and has participated in discussions about administrative complexities, costs, potential failures and improvements that can be made to strengthen the voting trail and vote confirmation.
The evidence base for the advocacy work ACSI does on this topic is a research project in 2012 titled 'Institutional Proxy Voting in Australia'.
Voting by a show of hands is another current focus of ACSI. We are part of the ASX Corporate Governance Council, which recently released new Principles and Recommendations including 6.4: "A listed entity should ensure that all substantive resolutions at a meeting of security holders are divided by a poll rather than by a show of hands." ACSI actively supported this change through our submission and Council membership.