proxy

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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.

Proxy

1. In publicly-traded companies, the transfer of a right to vote to another individual or group of individuals. At the annual meeting, shareholders who are unable to attend may give proxy to other shareholders, the board of directors, or some other representative. The persons with proxy are usually expected to vote as the shareholder would wish. Most companies encourage shareholders to vote by proxy if they are unable to come to the annual meeting, as this gives decisions the greatest possible legitimacy.

2. A person who has proxy. See also: Proxy committee.

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.

Proxy.

If you own common stock in a US corporation, you have the right to vote on certain company policies and elect the board of directors by casting a proxy, or vote.

You may vote in person at the annual meeting, by phone, or online.

proxy

an authorization to a person or firm to act in place of another. During a JOINT-STOCK COMPANY'S ANNUAL GENERAL MEETING, for example, a SHAREHOLDER may be unable to attend and vote on items contained in the agenda. The shareholder may therefore give written authorization for someone else to attend and vote at the meeting in his stead. A shareholder's proxy is frequently given to the incumbent board of directors to vote with as they think fit, hence the term ‘proxy vote’.

proxy

an authorization to a person or firm to act in place of another. During a JOINT-STOCK COMPANY's ANNUAL GENERAL MEETING, for example, a SHAREHOLDER may be unable to attend to vote on items contained in the agenda. The shareholder may therefore give written authorization for someone else to attend to vote at the meeting in his stead. A shareholder's proxy is frequently given to the incumbent board of directors to vote with as they think fit, hence the term ‘proxy vote’.

proxy

A person who stands in the place of another. (1) Normally used in the context of a shareholder granting permission for another shareholder or board member to vote his or her shares of stock. (2) In bankruptcy, creditors may give their proxies to other creditors, to the trustee, or to the debtor's attorney to vote for or against a plan of reorganization. (3) Marriage by proxy is still allowed in a very few states,in which someone stands in for the bride or the groom in the wedding ceremony,usually because one party is in the military service and deployed to a combat area.

References in periodicals archive ?
Just under 5 percent of completed surveys (4.8 percent) were excluded from these analyses because information on the use of proxies was unavailable.
Proxies containing nonroutine issues are assigned to the portfolio manager or analyst who has responsibility for following the industry in which the company operates.
I think it's important to note this because lawyers will tell you that it's possible under ERISA to have either the plan sponsor or the investment manager vote your proxies. But that depends on how your fiduciary responsibility is defined in the plan.
When approved by a majority of the voting members and the registered proxies, the Standing Rules shall apply throughout the annual meeting.
For the proxy surveys, the proxies adopted the proxy-patient perspective (Pickard et al.
National security practitioners likely will gain the most insight from these case studies, in which Maurer applies his analytical framework to the use of proxies by the United States, Iran, Russia, and China.
Ending the requirement that investment funds vote their proxies would reduce the potential cost of this moral hazard problem.
The DOL initially commented on the subject in IB 94-02, where it explained that fiduciaries may engage in shareholder activity designed to influence corporate management if the fiduciary concludes, after considering the costs involved in voting proxies, that doing so will enhance the value of the plan's investment.
To utilize the aggregate cache space efficiently, a proxy assisted overlay network is constructed with a number of proxies combined together (Ulas, 2009).
Creditors wishing to vote at the meeting must (unless they are personally due the amount and attending in person) lodge their proxies at the Registered Office of The Company at Aughnagegna, Crosserlough, County Cavan, no later than 4:00 pm on Monday 6th April 2015.
Knox and Syd live in an advanced technological society where the social order includes Patrons, who are the wealthy, privileged elite, and the underclass Proxies. Their lives have been interconnected since childhood, with Syd suffering electroshock punishment and forced labor when Knox misbehaves or is reckless.
Under the status quo, incumbent directors have their election expenses, including the cost of sending out proxies, paid for by the company.