Question

Kate could not attend the last shareholders' meeting and thus she granted the authority to vote on her behalf to the managers of the firm. which term applies to this granting of authority?

Answer 1

Kate could not attend the last shareholders' meeting and thus she granted the authority to vote on her behalf to the managers of the firm. The term that applies to this granting of authority is proxy.
Proxy refers to the voting mechanism where a person who is not able to attend the voting grants her or his permission to the members of the decision-making process to make that decision in her stead. The other forms still include that person voting on his or her own, and not someone else instead of them.