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Proxy advisory firms guide investors on how they should vote at corporate shareholder meetings, as institutional investors may not have the resources to vote knowledgeably on the thousands of shares they may own.
A preliminary proxy statement, or SEC Form PRE 14A, notifies shareholders of a vote and includes all the context shareholders need to make an informed decision about their vote. Companies usually file a preliminary proxy statement 10 days before the definitive proxy statement or SEC Form DEF 14A.
A way for shareholders to vote for corporate directors and on other matters affecting the company without having to personally attend the meeting.
A proxy may refer to a person who is authorized to act for another or it may designate the function or authority of serving in another's stead. In the latter sense, it generally is preceded by the word by (?vote by proxy?).
A proxy fight ? also called a proxy contest or a proxy battle ? happens when a shareholder or group of shareholders attempts to influence the outcome of a corporate vote. This typically happens when shareholders want to ?take over? a corporation by replacing upper management or even the board of directors.
A proxy firm (also a proxy advisor, proxy adviser, proxy voting agency, vote service provider or shareholder voting research provider or proxy voting advisory businesses (PVABs)) provides services to shareholders (in most cases an institutional investor of some type) to vote their shares at shareholder meetings of, ...