proxy

Proxy

A formal document signed by a shareholder to authorize another shareholder, or commonly the company's management, to vote the holder's shares at the annual meeting.

Notes:

The proxy discloses important information about issues to be discussed at an annual meeting.

See also: Common Stock, Cumulative Voting, Proxy Fight, Statutory Voting, Stockholder, Voting Right

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Proxy

Authorization, whether written or electronic, that shareholders' votes may be cast by others. Shareholders can and often do give management their proxies, delegating the right and responsibility to vote their shares as specified.

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proxy

The written authority to act or speak for another party. Proxies are sent to stockholders by corporate management in order to solicit authority to vote the stockholders' shares at the annual meetings.