Proxy Voting

Posted in Finance, Accounting and Economics Terms, Total Reads: 1050

Definition: Proxy Voting

Publicly traded companies have an annual general meeting(AGM) where decisions are put forward  that need shareholder approval.

Voting method is used for or against the decision. Shareholders may attend the meeting in person or vote by proxy - electronically or by mail via their brokers and custodian.

Issues covered in a proxy statement can include proposals for new additions to the board of directors, information on bonus and any declarations made by company management etc.

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