Proxy Vote

Proxy Vote
A ballot cast by one person on behalf of another. One of the benefits of being a shareholder is the right to vote on on certain corporate matters. Since most shareholders cannot or do not want to attend the annual and special meetings at which the voting occurs, corporations provide shareholders with the option to cast a proxy vote. Shareholders receive a proxy ballot in the mail along with an informational booklet called a proxy statement describing the issues to be voted on. Shareholders return a form by mail agreeing to have their vote cast by proxy. Issues commonly decided by proxy vote include electing directors to the board, approving a merger or acquisition, and approving a stock compensation plan.

Registered investment management companies also cast proxy votes for the securities in their portfolios. For example, Fidelity Investments' mutual funds are shareholders in numerous corporations. As such, Fidelity casts proxy votes on behalf of its mutual fund shareholders.

Investment dictionary. . 2012.

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Look at other dictionaries:

  • proxy vote — UK US noun [countable] [singular proxy vote plural proxy votes] a vote that someone else casts for you Thesaurus: votes and the process or act of voting …   Useful english dictionary

  • proxy vote — proxy ,vote noun count a vote that someone else CASTS for you …   Usage of the words and phrases in modern English

  • proxy vote — UK / US noun [countable] Word forms proxy vote : singular proxy vote plural proxy votes a vote that someone else casts for you …   English dictionary

  • Proxy vote — Vote cast by one person on behalf of another. The New York Times Financial Glossary …   Financial and business terms

  • proxy vote — Vote cast by one person or entity on behalf of another. Bloomberg Financial Dictionary …   Financial and business terms

  • proxy vote — / prɒksi vəυt/ noun a vote made by proxy ● The proxy votes were all in favour of the board’s recommendation …   Dictionary of banking and finance

  • proxy vote — /ˈprɒksi voʊt/ (say proksee voht) noun a vote cast by a nominated proxy on behalf of a voter …  

  • proxy vote — noun (C) a vote you make by officially sending someone else to vote for you …   Longman dictionary of contemporary English

  • Proxy voting — Part of the Politics series Electoral methods Single winner …   Wikipedia

  • proxy — prox|y1 [ˈprɔksi US ˈpra:ksi] n plural proxies [Date: 1400 1500; : Anglo French; Origin: procuracie, from Latin procuratio, from procurare; PROCURE] 1.) by proxy if you do something by proxy, you arrange for someone else to do it for you ▪ You… …   Dictionary of contemporary English

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