48
Robert Schifellite
President, Investor Communication Solutions
Broadridge Financial Solutions
PNR
Online and mobile voting are not quite ready for prime time in the U.S. political system, but that future has already arrived in the world of corporate governance, thanks in no small part to Broadridge Financial Solutions. By way of the company’s investor communication division’s ProxyEdge product, the $3 billion-in-revenue, Lake Success, New York–based Broadridge facilitates proxy voting and other shareholder communications for more than 90 percent of the public companies and mutual funds based in North America. Spearheading these efforts is Robert Schifellite, a 30-year financial industry veteran who is president of investor communication solutions. The division led by Schifellite, 57, accounts for 75 percent of Broadridge’s revenue. “Proxy processing and voting is going to be a huge deal for corporate governance,” explains the Brooklyn native, who has a bachelor’s degree in accounting and an MBA from Hofstra University, and lives on Long Island. The practice has yet to reach mass adoption, however, so Schifellite promotes automated communications through both marketing and public forums. He participated in a February 2015 Securities and Exchange Commission roundtable on a proposed universal proxy ballot and other ideas for promoting retail participation in the proxy process. SEC chair Mary Jo White subsequently urged companies to “give meaningful consideration to using some form of a universal proxy ballot even though the proxy rules currently do not require it.” Broadridge, which also processes an average $5 trillion a day in equity and fixed-income trades, is eyeing potential applications of blockchain; it participated this year in a $60 million funding round for New York–based Digital Asset Holdings. Blockchain “will have an impact on voting,” says Schifellite, who previously worked as a Deloitte & Touche auditor and joined Broadridge predecessor ADP Brokerage Services Group in 1992. “But across all of Broadridge, this is a significant focus.”
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The 2016 Tech 50
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19. Neil Katz 20. Lee Olesky 21. Richard McVey 22. Seth Merrin 23. Robert Alexander 24. Brad Katsuyama |
25. Antoine Shagoury 26. David Gledhill 27. Lou Eccleston 28. Andreas Preuss 29. Dan Schulman 30. Scott Dillon |
31. Mike Chinn 32. Craig Donohue 33. Gary Norcross 34. Steven O’Hanlon 35. Sebastián Ceria 36. Michael Cooper |
37. Tyler Kim 38. Neal Pawar 39. David Harding 40. Chris Corrado 41. Brian Conlon 42. Jim Minnick |
43. Stephane Dubois 44. Mazy Dar 45. Yasuki Okai 46. Kim Fournais 47. Jock Percy 48. Robert Schifellite |
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