SYSTEM AND METHOD FOR PROXY VOTING BY INDIVIDUAL INVESTORS

• US 20090112705A1
• Filed: 10/24/2008
• Published: 04/30/2009
• Est. Priority Date: 10/24/2007
• Status: Abandoned Application

• Current Assignee: Technical Financial Services, LLC
• Original Assignee: Technical Financial Services, LLC
• Inventors: Eiben, Lawrence S., Newman, Eric S.
• Application Number:
  US12/257,560
• Publication Number:
  US 20090112705A1
• Time in Patent Office: Days
• US Class Current: 705/12
• CPC Class Codes: G06Q 10/00 Administration; Management

Abstract

A system and method for an electronic public forum to facilitate solicitation support of shareholder initiatives (e.g., for inclusion on an annual ballot or for a special vote, for instance). The public forum may be a web site provided as a service that permits individual stakeholders to view positions of third party entities such as activist non-profits, corporation, and individuals associated with issues related to a company'"'"'s annual shareholder ballots, for example. Third parties may post general information regarding corporate issues and/or sample ballots on the web site with rationale for their positions. An individual stakeholder may use the proffered sample ballot during voting of their shares. In this way, individuals may align their votes with a particular cause of a third party. Moreover, real time results of any voting may be displayed.

Claims

1. A method for electronically casting proxy votes via an on-line system, the method comprising the steps of:

presenting a prompt to select a company;

validating that a user of the on-line system is a stakeholder in the selected company;

displaying at least one pre-filled out proxy ballot provided by a third party, the third party being other than the selected company or an agent of the company; and

receiving a selection to cast at least one vote based at least in part on the displayed pre-filled out ballot.

2. The method of claim 1, further comprising:

submitting the vote to a third party for processing.

3. The method of claim 1, further comprising:

tallying the at least one vote to generate a total vote; and

displaying the total vote in an electronic public forum.

4. The method of claim 1, wherein displaying the at least one pre-filled out ballot includes displaying information related to a third party position related to the pre-filled out ballot.

5. The method of claim 1, further comprising displaying a vote status that indicates that a user of the on-line system has already voted.

6. The method of claim 1, further comprising:

displaying rationale information posted by the third party related to recommended votes for a selected company.

7. The method of claim 1, further comprising:

receiving an input to edit the pre-filled out ballot to change at least one vote on the ballot.

8. The method of claim 1, further comprising:

charging a fee to the third party.

9. The method of claim 8, wherein charging the fee is based on adverting by the third party on the on-line system.

10. A system for electronically casting proxy votes, comprising:

a web site configured to provide information related to at least one voting issue related to at least one company;

a first computer based component configured to execute and electronically display a voting summary, the voting summary including information related to at least one company and information related to a position of a third party, the third party being other than the at least one company and a user receiving the displayed voting summary; and

a second computer based component configured to execute and to electronically receive a response to a displayed pre-filled ballot related to the third party position for the at least one company,

wherein a voting total is displayed on the web site for the at least one voting issue.

11. The system of claim 10, wherein the web site is further configured to present a public forum on the web site, the public forum including at least one of:

a message board, a sample ballot and a real time voting result.

12. The system of claim 10, further comprising:

a verification component to verify a user of the web site is a current stakeholder.

13. The system of claim 10, further comprising:

a third computer based component configured to execute and receive rationale information related to the at least one voting issue from the third party for posting on the web site.

14. The system of claim 10, wherein the third party is any one of:

a non-profit organization, a public company, a private company and an individual account holder.

15. The system of claim 10, wherein the second component is also configured to edit the pre-filled out ballot based on a user input.

16. The system of claim 10, wherein the voting total is cumulative of all votes from all on-line voters for the at least one company.

17. A system to publish corporate voting information on-line, comprising:

a first computer based subsystem configured to receive a third party compiled ballot along with rationale position information;

a second computer based subsystem configured to present the third party ballot and rationale information to at least one stakeholder; and

a third computer based subsystem to tabulate a total vote registered by all on-line voting shareholders for display on-line.

18. The system of claim 17, wherein the at least one stakeholder is validated as a current shareholder.

19. The system of claim 17, wherein the at least one stakeholder is validated as a current bondholder.

20. The system of claim 17, further comprising a fourth computer based subsystem for providing a message board to a verified at least one stakeholder.