What is proxy authority?

What is proxy authority?

In corporate law, a proxy is the authority to vote stock. This authority is generally provided by the charter and bylaws of a corporation or by a state statute. The proxy is not authorized to vote, however, on extraordinary corporate business, such as a merger, unless given special authority to do so.

What is the role of the proxy?

A proxy server acts as a gateway between you and the internet. It’s an intermediary server separating end users from the websites they browse. Proxy servers act as a firewall and web filter, provide shared network connections, and cache data to speed up common requests.

What does being someone’s proxy mean?

\ ˈpräk-sē \ plural proxies. Essential Meaning of proxy. 1 : a person who is given the power or authority to do something (such as to vote) for someone else Since I wouldn’t be available to vote, I nominated him to act as my proxy. 2 : power or authority that is given to allow a person to act for someone else.

What does via proxy mean?

If you do something by proxy, you arrange for someone else to do it for you. Those not attending the meeting may vote by proxy. More Synonyms of proxy.

Why is it called a proxy statement?

Ahead of annual meetings, eligible shareholders might receive a proxy ballot—in the mail or digitally—as well as an information booklet containing proxy materials, called a proxy statement that describes what issues are up for vote.

What is a proxy contact?

A healthcare interaction which occurs between a healthcare professional and another person on behalf of the patient—e.g., a parent, carer or close friend.

Is a proxy the same as a power of attorney?

A health care proxy has the authority to make medical decisions and a power of attorney has the authority to make financial decisions. So while a health care proxy may choose a senior living community, the power of attorney must release the funds to pay for it.

How do I make someone a proxy?

Before appointing someone as your health care agent, discuss it with him or her to make sure that he or she is willing to act as your agent. Tell the person you choose that he or she will be your health care agent. Discuss your health care wishes and this form with your agent. Be sure to give him or her a signed copy.

Is proxy the same as power of attorney?

What is the meaning of proxy?

a person authorized to act on behalf of someone else; agentto vote by proxy. the authority, esp in the form of a document, given to a person to act on behalf of someone else. computing short for proxy server.

What is a proxy vote?

/ˈprɑːk.si/. authority given to a person to act for someone else, such as by voting for them in an election, or the person who this authority is given to: a proxy vote.

What is the difference between proxy and agent?

proxy – a person authorized to act for another. placeholder, procurator. agent – a representative who acts on behalf of other persons or organizations. 2. proxy – a power of attorney document given by shareholders of a corporation authorizing a specific vote on their behalf at a corporate meeting.

What is proxy materials?

proxy materials / cards / forms. [ C or U ] a person who you choose to do something officially for you, for example to vote at a meeting or in an election when you are not able to vote yourself: Your proxy does not necessarily have to sign the form himself or herself.