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Introduction. A proxy is an individual, legally allowed to act on behalf of another party or a format that would allow a participant to vote without being physically present at the meeting.
Proxy directive is a legal document assigning the health care decisions of an individual to another in the event the individual is incapacitated. A proxy directive is typically prepared in consultation with family members, primary physicians and sometimes (though not mandatory) an attorney.
State laws require public companies to hold a meeting of shareholders every year, and the Securities and Exchange Commission (SEC) requires publicly traded companies to file proxy statements ahead of annual shareholders' meetings and special meetings.
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.
A document sent to shareholders letting them know when and where a shareholders' meeting is taking place and detailing the matters to be voted upon at the meeting. You can attend the meeting and vote in person or cast a proxy vote.
Filling out a voting proxy form is necessary in order to be able to have someone vote on your behalf in an election or referendum. Proxy voting, the act of having some else vote on your behalf, is often allowed in specific circumstances.