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The term proxy vote refers to a ballot cast by a single person or firm on behalf of a corporation's shareholder who may not be able to attend a shareholder meeting, or who may not choose to vote on a particular issue.
A proxy vote is a ballot cast by one person or firm on behalf of a shareholder of a corporation who may not be able to attend a shareholder meeting, or who otherwise desires not to vote on an issue.
It could be due to the fact that some shareholders join the company purely for show-up and to enhance their social status .The shareholders can issue a proxy in case they are not able to attend the meeting . By this process , a shareholder can appoint an agent to attend and act on his behalf during the meeting .
Proxy voting is a form of voting whereby a member of a decision-making body may delegate his or her voting power to a representative, to enable a vote in absence.
Proxy, a term denoting either a person who is authorized to stand in place of another or the legal instrument by which the authority is conferred.
A proxy agreement is an agreement that allows a person to do legal tasks for another person. Proxy agreements are commonly seen in stock voting, in which a person gives another person permission to vote on their behalf. In many cases, the power of the stockholder to vote can be granted to a proxy.
A proxy is an agent authorized to act for another.A shareholder proxy will receive his authorization through a proxy statement signed by a shareholder, with instructions on how the shareholder wants to vote.
A voting trust is a contract between shareholders in which their shares and voting rights are temporarily transferred to a trustee. A voting agreement is a contract in which shareholders agree to vote a certain way on specific issues without giving up their shares or voting rights.
By Practical Law Corporate & Securities. Maintained 2022 USA (National/Federal) A voting agreement to be used in connection with the acquisition of a public company. This agreement sets out the terms and conditions by which a target company's stockholder agrees to vote in favor of a merger transaction.