Proxy Committee

(redirected from Proxy Committees)

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 ?
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.