Proxy vote(redirected from Voter Proxy)
Also found in: Dictionary.
Vote cast by one person or entity on behalf of another.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved