MercuryVote
Buy and sell proxy voting rights with tools purpose-built for how you invest in corporate governance.
The Problem
Approximately
70%
of retail investors do not exercise their voting rights.
The SEC requires all public businesses to hold annual corporate elections where shareholders can vote on various corporate proposals, the board of directors, and executive compensation. These elections can be contentious.
Changing corporate governance can, in large part, only be done through working with the Big 3 Mutual Funds with the consolidated votes and power to push through changes.
There is currently no way to activate the disinterested 21% of ballots/proxies held by retail investors.
The current process is
Opaque
Obtaining proxy votes requires a third party intermediary who can trace down the complex chain of documentation to track down ownership.
Complex
There is a long chain of interconnected parties who all have to pass on accurate information. This is tedious and time-consuming.
Expensive
Influencing corporate elections requires expensive PR, legal fees, and Proxy Solicitors to call shareholders on your behalf with no guarantee of getting votes.
Our Solution
We are paving the way for quorum-seekers to easily obtain votes.
"We are an auction marketplace that empowers shareholders to generate extra revenue by selling their unused proxy voting rights,"
enabling investors to obtain these aggregated proxy votes to reduce costs.