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Glossary Term: PROXY

Definition(s) for PROXY:


1. ) pertains to a written authorization by a shareholder allowing a representative to vote for or against business proposals and directors at annual meetings.

2. ) A ballot by which stockholders can transmit their votes on corporate matters without needing to attend the actual shareholders meeting. A proxy could also state the stockholder's intention to transfer voting rights to someone else. A company's shareholders are commonly asked to vote on such matters as electing a board of directors, approving mergers and acquisitions, and sometimes on proposals that other stockholders have submitted to management. One share generally equals one vote.

3. ) A person empowered by a shareholder to vote on his/her behalf at company meetings.

4. ) Written authorisation given by a shareholder to another person to vote on his behalf at a shareholders' meeting.


See Also:
OMNIBUS PROXY, PROXY COMMITTEE, PROXY CONTEST, PROXY CARD, PROXY FIGHT, PROXY STATEMENT, PROXY STATEMENT


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