Proxy

Definition

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.

See also