Which of the following is true of proxies?

Question

Quizplus · Accepted Answer

Corporations are allowed to solicit proxies from their shareholders. Proxies are typically used in voting processes and allow shareholders to authorize another person or organization to vote on their behalf. It is a common practice in corporate meetings, and corporations may engage in solicitation campaigns to encourage shareholders to submit their proxies. Option A is false as proxies can be submitted electronically, B is incorrect as proxies are signed by shareholders, not the corporation, and C is incorrect as directors or officers can hold proxies as long as they are not being used to vote on their own behalf.

Which of the Following Is True of Proxies