Proxy

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Dictionary Says

Definition of 'Proxy'

1. An agent legally authorized to act on behalf of another party. Shareholders not attending a company's annual meeting may choose to vote their shares by proxy by allowing someone else to cast votes on their behalf.

2. A formal power of attorney document that may be signed by a shareholder to authorize another shareholder, a representative of the shareholder or the company's management, to vote on behalf of the shareholder at the annual meeting. Proxy statements must be filed with regulatory authorities (the Securities and Exchange Commission in the U.S.) on an annual basis prior to the company's annual meeting. Proxy documents are meant to provide shareholders with the information necessary to make informed votes on issues important to the company's performance. A proxy is known to offer shareholders and prospective investors tremendous insight into a company's governance as well as a glance at the way that a company's management operates.
Investopedia Says

Investopedia explains 'Proxy'

1. Management often encourages shareholders to vote by proxy so that ownership interests are fully represented even if shareholders are unable to attend the company's annual meetings in person.

2. The proxy discloses important information about issues to be discussed at an annual meeting, lists the qualifications of management and board members, serves as a ballot for elections to the board of directors, lists the largest shareholders of a company's stock and provides detailed information about executive compensation.  

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'Proxy'

  • Proxy Voting Gives Fund Shareholders A Say

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    Proxy Voting Gives Fund Shareholders A Say. ... Proxy Voting Guidelines The internet
    also greatly assists shareholders in researching their decisions. ...

  • Pay Attention To The Proxy Statement

    http://www.investopedia.com/articles/stocks/07/proxy_statement.asp
    Pay Attention To The Proxy Statement. July ... text. The typical proxy statement
    addresses many topics that are of value to investors. ...

  • How do proxy fights work?

    http://www.investopedia.com/ask/answers/08/how-do-proxy-fights-work.asp
    A proxy fight occurs when a group of shareholders in a particular company attempts
    to join together to effect change in a particular area of corporate. ...

  • Corporate Takeover Defense: A Shareholder's Perspective

    http://www.investopedia.com/articles/stocks/08/corporate-takeover-defense.asp
    ... (For related reading, see Proxy Voting Gives Fund Shareholders A Say.) Staggered
    Board of Directors Clauses involving shareholders are not the only escape ...

  • Ethical Investing: Investor Activism and Shareholder Advocacy ...

    http://www.investopedia.com/university/ethical-investing/ethical-investing7.asp
    ... will vote on. Either electronically or by mail, shareholders cast their
    proxy ballots to make their opinions known. Typically, for ...

  • Executive Compensation: How Much Is Too Much?

    http://www.investopedia.com/articles/fundamental-analysis/08/executive-compensation.asp
    The proxy statement can help determine whether a CEO is well compensated - or just
    overpaid. ... Proxy Date, Company, CFO, Base Salary, Bonus, Options, Exercise Price ...

  • Putting Management Under The Microscope

    http://www.investopedia.com/articles/stocks/05/050205.asp
    ... (To learn more about shareholder rights and responsibilities, see Proxy Voting Gives
    Fund Shareholders A Say and Knowing Your Rights As A Shareholder ...

  • How To Become A Corporate Board Member

    http://www.investopedia.com/articles/financial-theory/11/become-board-member.asp
    ... There has also been a sense of an old-boy-network, as most boards have had an almost
    monopoly on who is placed on the ballot before the proxy materials are ...

  • CEO Savvy And Stock's Success Go Hand In Hand

    http://www.investopedia.com/articles/fundamental-analysis/08/ceo-savvy.asp
    ... potential to be successful. The company's proxy statement discloses information
    regarding the CEO's background. Investors should look ...

  • How Your Vote Can Change Corporate Policy

    http://www.investopedia.com/articles/stocks/08/voting.asp
    ... outstanding shares, for a minimum of one year before the company's annual submission
    deadline before you can introduce a shareholder resolution for a proxy vote ...

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