Utah Voting and Proxy Agreement
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FAQ
Shareholders who do not attend the Annual General Meeting (AGM) of a company may vote their shares through a proxy, by authorising someone else to cast votes on their behalf, or may vote by email.
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.
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 is like an absentee ballot that enables shareholders to vote without physically attending the in-person shareholder meeting. Technically, a proxy gives someone else (usually management) instructions to cast their vote on their behalf.
For example, if a member will be absent from a company meeting, they have the right to appoint another person (a non-member of the company) to attend the meeting and vote in their stead. This person is therefore called a Proxy.
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, ...
