ProxyPoint

Developed to support stronger investor stewardship, transparency, and consistency in proxy voting practices within Malaysia’s capital market.

The initiative was launched in 2024 as part of IIC’s ongoing commitment to strengthening corporate governance and empowering institutional investors to engage more effectively in shareholder decision-making. ProxyPoint is designed as a cost-effective, locally developed alternative to foreign proxy advisory services such as Institutional Shareholder Services and Glass Lewis, while complementing the internal research capabilities of institutional investors.

At its core, ProxyPoint seeks to reduce reliance on external proxy advisors, promote a more self-sufficient proxy voting ecosystem, and enhance the quality and consistency of voting outcomes across the Malaysian market. By centralising proxy voting information and enabling structured access to voting data, the platform supports informed decision-making and encourages accountability in stewardship activities.

The development of ProxyPoint is supported by funding from the Capital Market Development Fund (CMDF) and is being implemented in two phases. Phase I, which has been completed, focuses on establishing a central repository of proxy voting outcomes, allowing users to view and analyse voting records and trends across listed companies. Phase II, currently in progress and targeted for completion in the following year, will introduce enhanced functionality, including digital proxy voting capabilities, to further improve efficiency and participation in shareholder meetings.

While development funding is provided through CMDF support, the long-term ownership, maintenance, and management of ProxyPoint rests with IICM Berhad. This underscores IICM Berhad’s continued role in advancing governance reforms and supporting sustainable stewardship practices within Malaysia’s capital market.

ProxyPoint is available to IICM members and is expected to benefit the broader investment community, including external fund managers acting in their capacity as asset managers, once fully operational.