What is a proxy fight?
The fight of proxy is a situation where people try to take control of the corporation by collecting shareholders together and using their proxy voices in the block. Voting Proxy allows shareholders to vote on issues of importance to the Company, while shareholders use an authorized agent known as a representative to submit the votes for them. When shareholders cooperate, it increases the power of their votes and sometimes can accept a change in society. If the company wishes to take over the company B, the Company Agents A could try to convince shareholders of B that that it is in their best interest to expel the current corporate council and choose new members of the Board of Directors. Of course, these new members of the Board of Directors would be carefully selected to ensure that they support takeover. In this case, the cooperation team agrees to remove the members of the Board of Directors in order to find new members of the Board of Directors who set better policies for the company. Companies that do not meet the needs of changing times, with mIt is also used to the pressure of companies in taking certain political decisions.
Most companies do not show the fighting proxy. Members of the Board of Directors usually fight in different ways in an attempt to contact the proxy's attempt. For example, they can set up decomposed options and ensure that only one member of the Board of Directors can be replaced each year, thereby significantly extending the proxy fighting. They can also take advantage of their daily control over the company to consolidate their position in the hope that they will stick long enough to be abandoned.
These corporate battles often publish reports when they concern the main companies, because General Public is sometimes interested in the fate of large companies. While the public cannot participate in the proxy fighting, if they do not own shares, they can adhere to the twists and turnover of business takeover from the general interest, or because they believe,that they can be personally affected. For example, users of certain software may feel at risk when another software company threatens to take over a company that produces their favorite products.