What does it mean to proxy a vote?

What does it mean to proxy a vote?

Proxy voting is a form of voting whereby a member of a decision-making body may delegate his or her voting power to a representative, to enable a vote in absence. Proxy appointments can be used to form a voting bloc that can exercise greater influence in deliberations or negotiations.

What is a proxy in legal terms?

Definition. A person designated by another to attend a shareholders’ meeting and vote on their behalf. A proxy can be revoked at any time by the grantor, unless it has been coupled with an interest.

What is proxy and what are the rights of proxy?

A proxy is an agent legally authorized to act on behalf of another party. The proxy may also allow an investor to vote without being physically present at the annual shareholder’s meeting.

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What is proxy why proxy voting is required what is meant by proxy fight?

A proxy fight (also known as a “proxy contest”, “proxy battle”, or “proxy war”) is an effort by the shareholder or group of shareholders of a corporation to convince other shareholders to cast their corporate votes (by granting a representative or proxy the authority to vote those shares) the way the urging …

Why is it called a proxy statement?

Ahead of annual meetings, eligible shareholders might receive a proxy ballot—in the mail or digitally—as well as an information booklet containing proxy materials, called a proxy statement that describes what issues are up for vote.

What is a proxy quizlet?

A proxy or proxy server is basically another computer which serves as a hub through which internet requests are processed. It serves as an intermediary between your home machine and the rest of the computers on the internet.

What is proxy fight in mergers and acquisitions?

A proxy fight refers to the act of a group of shareholders joining forces and attempting to gather enough shareholder proxy votes to win a corporate vote. Proxy fights also emerge over corporate takeovers and mergers, most notably with hostile takeovers.

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What is a proxy statement and why is it important to the analyst?

The proxy statement provides details about management, their experience, and qualifications. The document also provides important information on their compensation, and whether their compensation structure is aligned with shareholder interests.