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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.
A proxy statement is a document provided by public corporations so that their shareholders can understand how to vote at shareholder meetings and make informed decisions about how to delegate their votes to a proxy.
A proxy statement is a document that public companies must provide their shareholders prior to a shareholder meeting. The Securities and Exchange Commission (SEC) requires companies to file their proxy statement in compliance with Schedule 14A. Companies file proxy statements on a Form DEF 14A.
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 is a document filed by public-traded companies before annual or special shareholder meetings to give shareholders the necessary information to make informed votes on board business.