What is a “proxy” ballot?
Shareholders in publicly owned U.S. corporations are allowed to vote on certain corporate governance matters, including election of the board of directors, ratification of the appointment of an accounting firm, and other proposals submitted for their consideration by management or other shareholders. A proxy is a written authorization by which a shareholder empowers another person to vote on their behalf at a meeting of stockholders. Proxy voting is commonly used in corporations because it allows shareholders to authorize others to vote for them and for the shareholder meeting to have a quorum of votes when it is difficult for all shareholders to attend.
