Featured:
Allergies
Grilling Guide
eHow Now Blog

What Is a Shareholder Proxy?

A proxy is a person appointed to stand in or take the place of a person who cannot be present, usually in the context of a business meeting or court of law. A shareholder proxy is a person who substitutes for a shareholder in a shareholder's meeting.

  1. Appointment and Responsibilities

    • The shareholder proxy or proxies are appointed by the shareholder they are representing and must be accompanied by a proxy document. Proxies are required to provide all vital information from the meeting to the shareholder so that he may make informed voting decisions.

    SEC Requirements

    • The United States Securities and Exchange Commission (US SEC) established in the Securities Exchange Act of 1934 that when a company has SEC-registered securities, all shareholders in the company should be notified in the event of a proxy. This applies to all meetings where a vote will be taken and must be filed in advance.

    Bylaws and Other Stipulations

    • Shareholder proxies must meet conditions spelled out in the company's bylaws. Various states and municipalities where the company is licensed may have additional stipulations about who may be a shareholder proxy and what the proxy document must include.

Related Searches:

References

Comments

You May Also Like

  • What Is a Proxy Form?

    Investors routinely purchase shares of publicly traded corporations. These investors are considered shareholders or stockholders and their shares signify part ...

  • What Is a Proxy Card?

    Owners of company stock may attend shareholder meetings. However, the physical attendance of all shareholders, sometimes thousands, would present a logistical ...

  • What Is a Proxy in the Stock Market?

    In the stock market, a proxy refers to a legally-authorized agent who can vote on a shareholder's behalf. Typically, proxy votes are...

  • Shareholder Proxy Rules

    Shareholder Proxy Rules. A public corporation listed on a stock exchange typically has many shareholders. Each of these shareholders has the right...

  • What Is a Stockholder Proxy?

    Each shareholder of a company effectively owns a proportional piece of that publicly traded company. These investors gain certain rights, including voting...

  • Proxy Voting Guidelines

    Under proxy voting, a member of a voting body authorizes another member of the same body to vote on his or her...

  • What Is a Corporate Proxy?

    Corporations are owned by their shareholders, who will vote on certain items in the company. Most corporations have an annual meeting for...

  • How Do Shareholders Vote?

    A business shareholder can vote at business meetings by attending them when they happen or by mail via proxy. Find out about...

  • What Are the Legal Requirements for a Proxy?

    What Are the Legal Requirements for a Proxy?. The shareholders of a corporation are the corporation's owners. As owners of the corporation,...

  • Can a Minority Shareholder Force Out a Majority Shareholder?

    In private companies, shareholders sometimes attempt to force each other out. This typically occurs when shareholders disagree about the direction or operation...

  • How to Revoke a Proxy

    A proxy is a person authorized to act for someone else. There are many situations in which a person might appoint someone...

  • Federal Proxy Rules

    Federal Proxy Rules. Many shareholders put a lot of money into corporations. The federal government believes these shareholders should have more control...

  • What Is a Stock Proxy?

    A stock proxy is an individual selected by a shareholder to vote on behalf of that shareholder's shares. The proxy casts a...

Related Ads

thumbnail
Featured