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 their vote on current issues.
C) an authorization of a registered stockholder to another person to act in their 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 registered stockholder to another person to act in their place at a meeting, typically a shareholder meeting. This allows the proxy holder to vote on behalf of the stockholder who gave them the proxy. Options A, B, and D do not accurately describe a proxy.

A Proxy Is