Heidi and Ian are directors and shareholders of Globe Software,Inc.Heidi's written authorization to Ian to vote Heidi's shares at a Globe shareholders' meeting is

Question

Quizplus · Accepted Answer

Heidi's written authorization to Ian to vote Heidi's shares is a proxy. A proxy is a document that authorizes someone else to vote on behalf of the shareholder at a shareholders' meeting. In this case, Heidi is authorizing Ian to vote her shares on her behalf. This is a common practice in corporations, especially when shareholders cannot attend the meeting in person.

Heidi and Ian Are Directors and Shareholders of Globe Software,Inc