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A proxy statement is a document provided by public corporations so that their shareholders can understand how to vote at shareholder meetings and make informed decisions about how to delegate their votes to a proxy.
Filling out a voting proxy form is necessary in order to be able to have someone vote on your behalf in an election or referendum. Proxy voting, the act of having some else vote on your behalf, is often allowed in specific circumstances.
A document sent to shareholders letting them know when and where a shareholders' meeting is taking place and detailing the matters to be voted upon at the meeting. You can attend the meeting and vote in person or cast a proxy vote.
Proxy statements describe matters up for shareholder vote, and include management and executive compensation information if the shareholders are voting for the election of directors.
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.
The proxy documents provide shareholders with the requisite details to get informed votes on topics that are relevant to the success of the company. A Proxy Statement offers insight to shareholders and prospective investors into the governance and management activities of a company.