Which of the following is true of a proxy?

Question

Quizplus · Accepted Answer

A proxy in the context of corporate governance is indeed the written authorization allowing one person to vote or act for another. This definition aligns with choice A, distinguishing it as the correct answer. Proxies are not restricted to being oral; they can and often are written, especially in formal settings like corporate votes. Directors typically cannot vote by proxy in board meetings to ensure direct accountability and participation. The validity of a proxy can vary, but it is not universally set to one month unless specified by the governing documents or laws applicable to the entity.

Which of the Following Is True of a Proxy