A person designated by another to attend a shareholders' meeting and vote on their behalf. A proxy can be revoked at any time by the grantor, unless it has been coupled with an interest.
Also short for a proxy statement, which is a written notice required to be sent by the corporation to the shareholders before voting by proxy, and includes such information as the issues to be voted upon and the names of directors up for election to the board.
Definition from Nolo’s Plain-English Law Dictionary
1) Someone who is authorized to serve in one's place at a meeting, and particularly to cast a vote. 2) The written authority given to someone to act or vote in someone's place. A proxy is commonly given to cast a shareholder's vote at a meeting of shareholders.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:22 pm