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These rules get their name from the common practice of management asking shareholders to provide them with a document called a ?proxy card? granting authority to vote the shareholders' shares at the meeting.
A proxy is a person who represents a member in the shareholders' meeting of a company, with a legal document that could prove their authority.
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.
These rules get their name from the common practice of management asking shareholders to provide them with a document called a ?proxy card? granting authority to vote the shareholders' shares at the meeting.
A proxy statement is a document the SEC requires companies to provide shareholders that includes information needed to make decisions at shareholder meetings. A ballot is a document that a shareholder of a company fills in to vote on corporate matters contained in a proxy filing for the annual meeting.
A Proposal put forth to all shareholders of a company for the annual proxy voting, sponsored by one of the company's shareholders or a group of the company's shareholders, is called a Shareholder-Sponsored Proposal.
Who can be a shareholder proxy? The Companies Act 2006 simply refers to a shareholder's right to appoint ?another person?. Therefore, a shareholder can appoint any other person to serve as their proxy. There is no statutory requirement for a proxy to be a shareholder, director, or secretary of the company.