Which of the following is true of proxies?

Question

Quizplus · Accepted Answer

Proxies are permitted to be submitted electronically, as stated in Rule 14a-5 under the Securities Exchange Act of 1934. Option A is incorrect because proxies do not arise from oral contracts, but rather from written documents. Option B is also incorrect because the corporation does not sign a proxy; rather, the shareholder appoints a proxy. Option C is partially correct in that proxies do authorize holders to vote, but not in place of the proxy holder; rather, the proxy holder is authorized to vote on behalf of the shareholder.

Which of the Following Is True of Proxies