A proxy is
A)a device for circumventing regular voting procedures.
B)a coupon attached to each share of stock and used by the shareholder in casting his vote on current issues.
C)an authorization of a registered stockholder to another person to act in her place at the meeting.
D)a warrant allowing a stockholder to purchase a specified number of additional shares at a given price.

Question

Quizplus · Accepted Answer

A proxy is an authorization given by a stockholder to another person to act as their representative and vote on their behalf at a meeting. It allows the stockholder to participate in decision-making even if they are unable to attend the meeting in person. Options A, B, and D do not accurately describe what a proxy is.

A Proxy Is