Question

Amy Farmer just received a legal form in the mail from a firm in which she owns stock. This form lists the issues to be decided at the annual stockholders' meeting and asks her to give written permission for someone else to vote for her if she cannot attend. What form has she received in the mail?

Answer 1

Answer: Proxy

Explanation: Forms shared between shareholders in other to inform or notify them about upcoming meeting. However, proxy as the name implies, requires that the shareholder fills the form in other to notify other shareholders that he or she will be absent, however, a representative who will stand in his or her place, the person who wi be representing the shareholder is the proxy and such person once ordained by the shareholder and authenticated can vote on behalf of the shareholder at the meeting and such vote will be assumed to convey the choice of the original shareholder.