Proxy Voting Critical conditions Storing investment records Integrating legacy voting Collaborating across actors to on a distributed ledger mechanisms into tokens ensure success Corporations and/or exchanges must store all To ensure investors have a broad set of Corporations may choose to partner among investment records on a distributed ledger in mechanisms to cast votes, systems will need to each other and/or exchanges to minimize order to identify beneficial investors without be developed to convert votes cast via mail or parallel development, while providing investors the need for intermediaries phone into tokens that can be stored on the with confidence that the voting system is not distributed ledger susceptible to corruption Why? Why? Why? Third parties currently work directly with Proxy voting must be accessible by investors If each corporation develops a voting solution, central securities depositors to ensure across demographics to ensure no investors will not be able to standardize investors are engaged appropriately discriminatory consequences exist during the analysis across investments; conflict of interest throughout the process process concerns may exist Challenge Challenge Challenge Ensuring that all investment records are stored To ensure no manual processes exist while Process and liability models must be on a distributed ledger with corresponding converting votes cast via mail into tokens, established to outline alternative procedures in digital identities will require industry discussion creative solutions will need to be developed to the event the smart contract does not regarding whether equity post-trade activities read voter responses autonomously and with successfully validate and/or count votes should also be facilitated through DLT complete accuracy Critical condition categories WORLD ECONOMIC FORUM | 2016 Stakeholder Technology Regulatory Governance 108 alignment