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

1. Proxy
- The agency for another who acts through the agent; authority to act for another, esp. to vote in a legislative or corporate capacity.
- 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.
2. Proxy
- To act or vote by proxy; to do anything by the agency of another.
Share it:  Cite

More from this Section

  • Organizing
    In an organization, when managers organize, they determine what tasks are to be done, ...
  • Social entrepreneur
    An individual or organization who seeks out opportunities to improve society by using ...
  • Scientific management
    The scientific study and breakdown of work into its smallest mechanical elements, and ...
  • Corporate strategy
    An organizational strategy that specifies what businesses a company is in or wants to ...
  • Technological Factors
    The quasi-science of anticipating environmental and competitive changes and estimating ...