Corporations must have annual stockholder meetings at which major business decisions of the firm are determined. Since many stockholders are not at meetings, the way they vote their shares is called:

Question

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The term for the way stockholders vote their shares when they are not present at annual meetings is called a proxy. A proxy is a written authorization that allows someone else, often a company representative, to vote on behalf of the absent stockholder. This is a common practice in corporate governance to ensure that all stockholders have a say in major decisions even if they cannot physically attend the meeting.

Corporations Must Have Annual Stockholder Meetings at Which Major Business