Search For Buy A Proxy Here. What is voting by proxy? Is proxy voting allowed at board meetings? Is it good to vote via proxy?
Proxy Vote is when a person ( proxy ) casts a vote on behalf of a person not present at the meeting or an organization after obtaining permission to cast such vote , where this vote shall be counted as if the person himself castes vote.
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. The representative may be another member of the same body, or external. A person so designated is called a proxy and the person designating him or her is called a principal. Proxy appointments can be used to form a voting bloc that can exercise greater influence in deliberations or negotiations.
However, because most shareholders are unable to attend the meetings where voting on major issues takes place, corporations give shareholders the option to vote via a proxy. A proxy is a written authorization in which one person can delegate another to vote on his or her behalf. In the context of corporate decisions, when a shareholder votes by proxy , he or she is instructing another party to vote according to his or her choices on the proxy ballot.