What is a proxy's vote?

Voting proxy is a vote that is sent or handed over in another way, while the person's vote is physically missing. This is most commonly used by shareholders in a company that cannot participate in shareholders' annual meetings, but still want their vote to count.

When the announcement of an annual shareholder's meeting is sent, a form that is listed with it is usually sent on the basis of some decisions to be made at the meeting. These are usually asked as questions for shareholders and the selected answer is based on the sum of the votes submitted for any particular answer. Sometimes a group of shareholders combine with the intention of obtaining a question about the vote. Questions may range from the new members of the Board of Directors to the compensation of members of the Board of Directors to the general political objectives of the company. The shareholders present at the annual meeting may vote in person or vote on the proxy before the event. Usually decides a simple majoritym voting. Sometimes, however, more than a simple majority is required, but it is rare.

In the past, the voting of the proxy was completed by regular mail. The shareholders were sent a vote with the announcement of the annual meeting they would fill in and return by the company. With the popularity of the Internet, it was possible to hand over the vote electronically. This cannot only be done anywhere on the Internet; There are specific pages where you need to vote.

Once registered, proxy can be voted electronically. Safety is introduced to ensure that these registrations are actually shares owners and that they only submit as many votes as permitted. Usually one vote per share is allowed, although several voting shares are sometimes issued.