OpenInvest, a digital impact-investment advisor has introduced an app version of its software that includes a proxy-voting function to enable everyday investors to weigh in on company decisions.
Shareholder proxy votes on issues like climate change and equal pay have been in the news lately, and heavyweight shareholders like State Street have pledged to use their votes to drive board change.
Retail investors, which own 32 percent of public company shares in the U.S., vote less than a third of their shares.
“The process is extremely complex, with shareholders either blocked from using their power by fund managers, or overwhelmed by paper packets and obscure ballot measures,” OpenInvest says.
With its app, investors can vote with a simple swipe — just like some dating apps.
