A proxy is best described as:

Question

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A proxy is a legal document that allows a stockholder to give permission to someone else to vote their shares on their behalf at a shareholder meeting. This is commonly used if the stockholder is unable to attend the meeting in person. Option A is incorrect because a proxy is not a report, and it may not necessarily be audited. Option B is incorrect because a registration statement is a different type of legal document related to securities offerings. Option D is incorrect because a stockholder does not need permission to file a proposal with the board at an annual meeting. Option E is incorrect because there is a correct answer.

A Proxy Is Best Described As