Proxy is a document that expresses a stockholder’s voting intentions on corporate matters when he or she cannot attend the annual meeting.
Proxies are like absentee ballots in political elections, although the forms used to solicit them often stake that if the proxy is not returned by a certain date, the stockholder's votes will be cast in a manner specified by management.
Proxy is a written statement, signed by a shareholder of a corporation, allowing someone else to cast his or her number of votes.
Webster Dictionary Meaning
- The person who is substituted or deputed to act or vote for another.
- A writing by which one person authorizes another to vote in his stead, as in a corporation meeting.
- The written appointment of a proctor in suits in the ecclesiastical courts.
- See Procuration.
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