Financial times praises Turkey's electronic voiting system

As Turkey has required the companies listed on its stock exchange to electronic voting, the breakthrough was covered by the international press. "Turkey has broken fresh ground by becoming the first country to require companies listed on its stock exchange to allow shareholders to vote via an electronic platform," The Financial Times reported. Bruce Babcock, president of Investor Communications Solutions (ICS), defined the step taken by Turkey as "a great development" for both institutional shareholders and the corporate governance community. "While electronic voting is common practice across Europe and the US, it is not compulsory and paper filings remain acceptable currency. Outside Turkey custodial banks usually bear responsibility for orchestrating e-voting for institutional shareholders, rather than the company itself," the article added.