A proxy is the "attempt by a group to get permission from other members to vote on their behalf in a bulletin of the organization" according to businessdictionary.com Especially in business, is the attempt by a group of shareholders to influence other shareholders to vote a certain way on specific issues of corporate governance.
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What is a proxy solicitor ?
What is a proxy in a society ?
general definition
Under the company law of the United States , shareholders are required to vote on certain issues, such as the election of directors . All or a portion (one third) of the board is up for election each year, according to the bylaws. In addition , issues of corporate governance that could affect the rights of individual shareholders are presented to shareholders ; these issues are recapitalizations, restructurings such as reincorporation in a different state , and mergers and acquisitions where the interests of shareholders may be diluted .
Proxy Statement
Questions to be submitted to shareholders for a vote are detailed in a proxy statement . As most shareholders is not present at a meeting of shareholders for a vote (usually on the basis of one vote for each common share held ) , the votes are usually expressed through a proxy ( a replacement ), where a shareholder has given the Crown the right to vote a certain way .
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solicitation
All matters presented to shareholders in large corporations are subject to proxy solicitation. Small businesses are more likely to take their shareholders from a regional basis and could expect all shareholders to attend in person at a meeting for a vote. Management in large companies usually hires a company proxy in advance of the annual meeting to ask permission to vote their shares for the slate of management administration , or in the case of exceptional issues accordance with the recommendation of management . Usually , there is no opposition to the position of management, and recommends shareholders vote in management . This is when there is an opposition or discord in the ranks that the shareholder " proxy " takes on a more ominous tone.
proxy fight
When a group of shareholder opposes the recommendation of management , proxy solicitation words are used by parties representing the different parties and the press to invoke a sense of conflict. This feeling is also provided in the replacement expression , proxy fight . Disgruntled shareholder groups will often deliver a proxy fight when they are unhappy with management policies or feel that the management has not done enough to maximize shareholder value , and they seek to have their position represented map . A proxy fight may also arise in the context of a hostile takeover , where the purchasing group has purchased shares of the target company , enabling the group to acquire voting and management recommended that shareholders reject the proposal acquisition .
Inquiry: normal and exceptional
A proxy is a normal function of the ordinary practice of corporate governance in the United States , especially for large corporations, when it is not practical for all shareholders representing a majority or quorum shares outstanding to attend a meeting in which questions would be subject to a vote. A proxy takes on a more controversial when a group of shareholder decides to present a position in opposition to the recommendation of management .
Other people are reading
What is a proxy solicitor ?
What is a proxy in a society ?
general definition
Under the company law of the United States , shareholders are required to vote on certain issues, such as the election of directors . All or a portion (one third) of the board is up for election each year, according to the bylaws. In addition , issues of corporate governance that could affect the rights of individual shareholders are presented to shareholders ; these issues are recapitalizations, restructurings such as reincorporation in a different state , and mergers and acquisitions where the interests of shareholders may be diluted .
Proxy Statement
Questions to be submitted to shareholders for a vote are detailed in a proxy statement . As most shareholders is not present at a meeting of shareholders for a vote (usually on the basis of one vote for each common share held ) , the votes are usually expressed through a proxy ( a replacement ), where a shareholder has given the Crown the right to vote a certain way .
Sponsored links
Top Ranked Global MBA
Ranked # 4 in the world by the Financial Times. Designed for senior executives.
www.triumemba.org
solicitation
All matters presented to shareholders in large corporations are subject to proxy solicitation. Small businesses are more likely to take their shareholders from a regional basis and could expect all shareholders to attend in person at a meeting for a vote. Management in large companies usually hires a company proxy in advance of the annual meeting to ask permission to vote their shares for the slate of management administration , or in the case of exceptional issues accordance with the recommendation of management . Usually , there is no opposition to the position of management, and recommends shareholders vote in management . This is when there is an opposition or discord in the ranks that the shareholder " proxy " takes on a more ominous tone.
proxy fight
When a group of shareholder opposes the recommendation of management , proxy solicitation words are used by parties representing the different parties and the press to invoke a sense of conflict. This feeling is also provided in the replacement expression , proxy fight . Disgruntled shareholder groups will often deliver a proxy fight when they are unhappy with management policies or feel that the management has not done enough to maximize shareholder value , and they seek to have their position represented map . A proxy fight may also arise in the context of a hostile takeover , where the purchasing group has purchased shares of the target company , enabling the group to acquire voting and management recommended that shareholders reject the proposal acquisition .
Inquiry: normal and exceptional
A proxy is a normal function of the ordinary practice of corporate governance in the United States , especially for large corporations, when it is not practical for all shareholders representing a majority or quorum shares outstanding to attend a meeting in which questions would be subject to a vote. A proxy takes on a more controversial when a group of shareholder decides to present a position in opposition to the recommendation of management .