Important news for eToro users: you can now not only receive dividends but also have a say in the management of the companies in which you invest!
eToro, a platform for retail share traders, has expanded its voting feature to allow users to participate in shareholder meetings around the world. This means that no matter what company you’re invested in, you can now cast your vote on important issues such as mergers, executive pay, and company goals.
eToro launched this feature for US stocks last year and it received over 145,000 votes from eToro users. Now, through a partnership with Broadridge Financial Solutions Inc., this feature is available for all stocks, including fractional shares.
Why is this interesting? Well, according to an eToro survey, more and more retail investors want a say in how the companies they invest in are run. 29% of retail investors voted at the shareholder meeting, up from 26% in the previous survey.
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The survey also found that when investors voted, they focused on things like director selection, dividends, share buybacks, and executive pay. People seem truly interested in making their voices heard on these important topics.
Another interesting fact from eToro’s research: 27% of retail investors turn to smaller companies where they believe they can have a greater impact on the company’s success.
This move by eToro aims to empower everyday investors and promote a more democratic approach to how companies are run. Demi Durham, CEO of Broadridge, emphasized how important the move is to giving everyday investors a stronger voice in the companies they believe in.
