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Proxy. n. 1) someone who is authorized to serve in one's place at a meeting, particularly with the right to cast votes. 2) the written authority given to someone to act or vote in someone's place.
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 statement examples may include the information about the directors' salaries, information about the bonus to the directors, additional the number of board of directors. The board forms the top layer of the hierarchy and focuses on ensuring that the company efficiently achieves its goals.
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 statements are intended for shareholders with voting rights, while annual reports are for anyone following the company. This may be shareholders, including potential investors, regulators, financial institutions and more.
The proxy documents provide shareholders with the information necessary to make informed votes on issues important to the company's performance. A Proxy statement offers shareholders and prospective investors insight into a company's governance and management operations.
A proxy statement generally includes the names and short biographies of individuals on a company's board of directors, including those who are running for reelection and new candidates chosen by the board's nominating committee.