What is a proxy?

A written authorization given by a shareholder for someone else, usually the company’s management, t…

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proxy
tod-term-icon.jpg TERM OF THE DAY

proxy

  1. A written authorization given by a shareholder for someone else, usually thecompany’s management, to cast his/her vote at a shareholder meeting or at another time.
  2. More generally, a person who represents another person.
Learn more about this term
Usage Example
After receiving written permission, the corporation acted as a proxy for a handful of shareholders by casting a vote that aligned with company wishes.
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