Nestor,a stockholder of a software firm,is unable to attend the annual shareholders' meeting conducted by the firm.He authorizes his friend,Matt,to attend the meeting on his behalf and vote Nestor's shares in his name.To formalize this,he composes and signs a written document that grants Matt the appropriate privilege.The document is then sent to the software firm.This document is an example of ________.

Question

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The document that Nestor composes and signs granting Matt the privilege to attend the annual shareholders' meeting and vote on Nestor's behalf is a proxy. A proxy is a written authorization that allows someone else to vote in their place, commonly used in corporate shareholder meetings.

Nestor,a Stockholder of a Software Firm,is Unable to Attend the Annual