What is a stock proxy?
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What is a stock proxy?
This is regading a shareholder.
Asked on August 19, 2018 under Business Law, Connecticut
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
With respect to a stock, a "proxy" refers to an agent who is legally authorized to act on behalf of another party or a format that allows an investor to vote without being physically present at a shareholder's meeting. Accordingly, a shareholder not attending a company's annual meeting may vote their shares by proxy by allowing someone else to cast votes on their behalf or the shareholder may vote by mail.
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