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 ?
Letts has also served as the chairman of the SSgA Proxy Committee, the co-chair of SSgA's ESG Working Group, and a member of the State Street Corporate Responsibility Working Group.
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.
Belvedere is also the current President of the Corporate Actions Section of the Securities Industry and Financial Markets Association (SIFMA) Operations and Technology Society and former Co-Chairman of the Securities Transfer Association Proxy Committee.
This will enable shareholders to grant powers of attorney as well as issue voting instructions to the company's Proxy Committee via the Celanese website.
22 /PRNewswire/ -- The ETFC Proxy Committee today announced that RiskMetrics Group, the leading independent proxy voting advisory and corporate governance services firm formerly known as ISS, has recommended that shareholders of East Texas Financial Services, Inc.
Sammy York, a member of the ETFC Proxy Committee stated, "We are pleased that RiskMetrics supports the election of our two director nominees over the incumbent directors.
At a special meeting of shareholders, Duramed reported that more than 63 percent of outstanding common shares and 100 percent of outstanding preferred shares were represented in person or by the proxy committee.
Blockbuster has suggested adding the following statement to the face of Blockbuster's White proxy card: "This White proxy card dated May ___, 2005 does not revoke the Gold proxy card dated the same date, and authorizes the proxy committee to vote only as directed on this card.
On March 11th, Wells Fargo confirmed that they would vote against the transaction following the unanimous vote of their Proxy Committee.
If the proxy committee had voted according to the terms of their proxy statement, both of my nominees would have been elected," stated Kross.
While at AFSCME, Musuraca served on the Investment and Proxy Committees of the New York City Employees' Retirement System ("NYCERS") as the Designated Trustee for District Council 37.