Proxy vote

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Proxy vote

Vote cast by one person or entity on behalf of another.

Proxy Vote

At the annual meeting of a publicly-traded company, a vote that a shareholder allows to be cast by another on his/her/its behalf. Proxy votes are relatively common, especially when a shareholder cannot personally attend the annual meeting. Generally, but far from always, a shareholder allows the company's management to have his/her/its proxy vote. This gives the management greater control of the company. See also: Beneficial ownership.
References in periodicals archive ?
* At the time of the meeting, pick up your proxy votes at Registration.
According to Fink, shareholder engagement has been too focused on annual meetings and proxy votes.
Some of us are concerned that Ceri Reeves has been visiting party members and getting proxy votes off them.
But - after the board gave verbal assurances no more would be sold in the shortterm - Frankham, who had used his proxy votes to support the first eight motions on the agenda including the re-election of the entire board, switched sides to ensure the vote to continue selling shares did not gain enough support.
Guilty: Ali Munir has been jailed after forging proxy votes to get his father, Mohammed Munir (inset) elected.
The California State Teachers' Retirement System (CalSTRS) has announced its most comprehensive, transparent disclosure of proxy votes ever.
The decision to include an advisory resolution on executive compensation in this year's proxy statement follows a proposal from stockholders to do this, which received a majority of proxy votes in 2008.
Mohammed Chaudhary Saghir, 62, has been formally reported to the Crown Prosecution Service for consideration of prosecution in relation to five allegations of making false statements to obtain proxy votes for this year's local elections in Calderdale.
Two Liberal Democrat councillors engaged in a "criminal agreement" to rig an election using proxy votes, a court heard yesterday.
"The interests of management often conflict with our interests as shareowners, which is why we have proxy votes in the first place," Latham says.
In January 2003, the SEC ruled that all investment companies and investment advisors must formulate and disclose a set of policies and procedures they will use in deciding how to vote on proxy votes for the equities they own.