Heidi and Ian are directors and shareholders of Globe Software,Inc.Heidi's written authorization to Ian to vote Heidi's shares at a Globe shareholders' meeting is

Question

Heidi and Ian are directors and shareholders of Globe Software,Inc.Heidi's written authorization to Ian to vote Heidi's shares at a Globe shareholders' meeting is​

Quizplus · Accepted Answer

A proxy is a written authorization given by one shareholder to another to vote the shareholder's shares at a shareholder meeting. In this situation, Heidi is giving Ian the authority to vote her shares, which is a proxy.

Heidi and Ian Are Directors and Shareholders of Globe Software,Inc