Finance: What is a proxy?

What is a proxy? Proxy statements are documents that are sent to shareholders of public companies that contain detailed information on agenda subjects that are to be voted upon. Ballots are also included, and copies are also held by and vetted by the SEC. Proxy voting is when shareholders who cannot be physically present at a shareholder meeting authorize a separate party to act as their agent to vote on their behalf.

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Transcript

00:28

less about the outcome, so she went to Dunkin Donuts instead. That's how

00:31

most votes are taken in public companies. Proxies are sent out to shareholders, who

00:36

then designate their wishes, to then be submitted to an individual, physically

00:40

present at the vote, who then you know votes and that's it.

00:43

We'll leave you with final warning. Beware of any incoming texts you may get

00:48

from a German Shepherd. [Phone with dog text]