Proxy
Financial Dictionary — Corporate Governance
Definition
Document authorizing someone other than the shareholder to exercise the right to vote the stock owned by the shareholder.
Detailed Explanation
A proxy is an authorization allowing another person to vote a shareholder’s shares on their behalf.
Common Uses
- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.
- Used when training staff or documenting procedures and policies.
Practical Example
- Example: Teams reference **Proxy** when defining terms in manuals, policies, or training materials.
Why This Term Matters
- Why it matters: Improves clarity and consistency across documentation and decision-making.