Proxy Committee

Proxy Committee

A group of individuals appointed by the board of directors of the companies to formally represent the shareholders who send in proxy cards, to vote the represented shares in accordance with the shareholders' instructions.

Proxy Committee

A committee appointed by the board of directors to vote on behalf of shareholders who have given proxy to the board. It is important to note that the proxy committee does not necessarily have the discretion to vote as it wishes; it must vote as the shareholders who have given it proxy intend.
References in periodicals archive ?
She leads the policy-formation process for proxy voting, shepherds the firm's engagement efforts with portfolio companies, and is a co-chair of the proxy committee.
The authority to vote was then delegated to a proxy committee, made up of Dave Kelby, senior vice president and treasurer; our CFO; the general counsel; the inside person in our treasurer's department, who is the director of investment management; and me.