Kansas Voting and Proxy Agreement

State:
Multi-State
Control #:
US-EG-9182
Format:
Word; 
Rich Text
Instant download

Description

Form of Corporate Voting and Proxy Agreement between ________ (stockholder), Cenex Harvest States Cooperative and Sparta Foods, Inc. dated 00/00. 3 pages
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FAQ

(Under proxy rules, when a shareholder votes against election of a board member they "withhold" their vote.) Shareholders can vote for the entire slate of directors together - or each person individually. When the shareholder votes for some board nominees, and withholds from others, this is a "split" vote.

You can name someone you trust to vote on your behalf. This is known as ?proxy voting.? Proxy voting enables shareholders or members of an organization, such as a corporation or union, to communicate their opinions without being present at the actual vote.

Most shareholders, however, vote by "proxy" without being present in person.

Proxy voting is a form of voting whereby a member of a decision-making body may delegate their voting power to a representative, to enable a vote in absence.

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, ...

Proxy is defined by supreme courts as "an authority or power to do a certain thing." A person can confer on his proxy any power which he himself possesses. He may also give him secret instructions as to voting upon particular questions.

A proxy may in law be either general or special. A general proxy authorizes the person to whom it is entrusted to exercise general discretion throughout the matter in hand, while a special proxy limits the authority to some special proposal or resolution.

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Kansas Voting and Proxy Agreement