A proxy is:
A) A contractual commitment by an investor to purchase unissued shares of stock.
B) An arbitrary amount assigned to no-par stock by the corporation's board of directors.
C) A document that delegates a stockholder's voting rights to an agent.
D) An amount of assets defined by state law that stockholders must invest and leave invested in a corporation.
E) The right of common stockholders to protect their proportionate interests in a corporation by having the first opportunity to purchase additional shares of common stock issued by the corporation.

Question

Quizplus · Accepted Answer

A proxy is a document that a stockholder signs to delegate his or her voting rights to an agent. This allows the agent to vote on the stockholder's behalf at a shareholder meeting.

A Proxy Is