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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.
Some important rules are: Corporations must submit their proxy statements annually as form DEF14A. Corporations registering securities under Section 12 of the Securities Exchange Act must send a proxy statement before their annual shareholder meetings.
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, ...
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 commonly given to cast a stockholder's votes at a meeting of shareholders, and by board members and convention delegates.
The irrevocable proxy is an enforceable power given by an owner to. exercise his voting rights independently of his future consent. He may. accomplish the same result through a voting or pooling contract, or by. means of a voting trust.
A proxy is an agreed replacement for a voting person. The template form ensures a proxy votes ing to the person they represent, not ing to their own discretion. It also ensures that only members or proxies vote, rather than unannounced outsiders.
A proxy may in law be either general or special. A general proxy authorizes the person to whom it is entrusted to exercise general discretion throughout the matter in hand, while a special proxy limits the authority to some special proposal or resolution.
Using a proxy server in and of itself is not illegal. However, the legality of using a proxy depends on how it is being used and in which jurisdiction. In some countries, using a proxy to bypass internet censorship or access restricted websites may be illegal.