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Proxy statements describe matters up for shareholder vote, and include management and executive compensation information if the shareholders are voting for the election of directors.
A proxy statement generally includes the names and short biographies of individuals on a company's board of directors, including those who are running for reelection and new candidates chosen by the board's nominating committee.
The proxy statement is a formal direct communication from a company to its stockholders which: Provides information about the upcoming meeting, including the specific matters to be discussed.
In business, a proxy allows shareholders to participate in corporate governance even if they cannot be physically present at the general meeting. Proxies are essential in the global economy, where an individual investor might own shares in many companies around the world. U.S. Securities and Exchange Commission.
Proxy statements must disclose the company's voting procedure, nominated candidates for its board of directors, and compensation of directors and executives.
The information required in the proxy statement must include: (1) the identity of the late filer; (2) the number of late filings; (3) the number of transactions not reported on time; and (4) any known failure to file a required form. The solicitation of proxies section is required by Item 4 of Schedule 14A.
Proxy statements are documents that the Securities and Exchange Commission requires companies to give to shareholders so they can weigh in on important company issues. Proxy statements offer shareholders information about changes on the board and other important decisions the board needs to make.