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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. The representative may be another member of the same body, or external.
A directed proxy is where you select 'For', 'Against' or 'Abstain' for the resolutions. An undirected proxy is where you do not select any of these options and ASA will vote your proxies in accordance with our published voting intentions.
Appointment of a proxy Under Section 105(1) of the Companies Act, 2013 (hereinafter, CA), any member who is entitled to attend and vote in a company meeting can appoint a proxy. However, a proxy cannot be appointed by a member of a company not having a share capital unless the Articles provide for it.
Under the Code, each nonprofit corporation shall have a board of directors and each director shall have one vote on each matter presented to the board of directors for action. However, a director shall not vote by proxy.
Definition. A person designated by another to attend a shareholders' meeting and vote on their behalf.
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. The representative may be another member of the same body, or external.
Directed Proxy means a form of proxy in which the appointing Member directs the voting of the person appointed as that Member's proxy in relation to some or all resolutions to be put to the meeting which the proxy will attend.
Key Takeaways. A proxy is an agent legally authorized to act on behalf of another party. The proxy may also allow an investor to vote without being physically present at the annual shareholder's meeting.
Proxies are used at meetings, including both in-person and virtual meetings. A proxy is: (a) a written document; (b) issued by a member of an association; and (c) providing authority of another individual to act on behalf of such member.
Broker Vote For certain routine matters to be voted upon at shareholder meetings, if you don't vote by proxy or at the meeting in person, brokers may vote on your behalf at their discretion. These votes may also be called uninstructed or discretionary broker votes.