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What is a shareholder's proxy?

Updated: 8/21/2019
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Q: What is a shareholder's proxy?
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Attending majority of the shareholders?

An opinion: "Attending majority" may be defined as the majority of members of a formal group who are present in person or by proxy. When proxy votes are cast, the voting business of the meeting is limited to that stated in the meeting's announcement.


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In legal jargon, a stock certificate is a document that certifies ownership of a specific number of stock shares in a corporation. Usually only shareholders with stock certificates can vote in a shareholders' general meeting. Sometimes a shareholder with a stock certificate can give a proxy to another person to allow them to vote the shares in question.


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The companies are required by law to send ballots to the stockholders on matters that require the vote of the stockholders. The stockholder may choose to give their proxy to the management or a director or officer of the company.


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If they could not be present at the meeting, they were allowed vote by proxy. Proxy can be a computing term. Proxy is a hard language. The guy had a good proxy for his bad habit.


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