The signing by a shareholder of a power of attorney, thereby authorizing a designated part to cast all of the holder's votes on any matter brought up at the annual stockholders' meeting, is known as a(n)
A) shelf registration
B) red herring
C) proxy
D) option

Question

Quizplus · Accepted Answer

The term for this scenario is a proxy, where the shareholder designates someone else to cast their votes at a meeting. A shelf registration is a type of securities registration, a red herring is a preliminary prospectus, and an option is a financial contract allowing the holder the right to buy or sell an asset at a specific price.

The Signing by a Shareholder of a Power of Attorney