Proxy voting

  • proxy voting is a form of voting whereby a member of a decision-making body may delegate his or her voting power to a representative, to enable a vote in absence. the representative may be another member of the same body, or external. a person so designated is called a "proxy" and the person designating him or her is called a "principal". proxy appointments can be used to form a voting bloc that can exercise greater influence in deliberations or negotiations. proxy voting is a particularly important practice with respect to corporations; in the united states, investment advisers often vote proxies on behalf of their client accounts.[1]

    the united states parliamentary manual riddick's rules of procedure notes that, under proxy voting, voting for officers should be done by ballot, due to the difficulties involved in authentication if a member simply calls out, "i cast 17 votes for mr. x."[2]

    proxy voting is also an important feature in corporate governance through the proxy statement. companies use proxy solicitation agencies to secure proxy votes.

  • legislatures
  • elections
  • nonprofit organization settings
  • corporate settings
  • delegated voting
  • see also
  • references
  • external links

Proxy voting is a form of voting whereby a member of a decision-making body may delegate his or her voting power to a representative, to enable a vote in absence. The representative may be another member of the same body, or external. A person so designated is called a "proxy" and the person designating him or her is called a "principal". Proxy appointments can be used to form a voting bloc that can exercise greater influence in deliberations or negotiations. Proxy voting is a particularly important practice with respect to corporations; in the United States, investment advisers often vote proxies on behalf of their client accounts.[1]

The United States parliamentary manual Riddick's Rules of Procedure notes that, under proxy voting, voting for officers should be done by ballot, due to the difficulties involved in authentication if a member simply calls out, "I cast 17 votes for Mr. X."[2]

Proxy voting is also an important feature in corporate governance through the proxy statement. Companies use proxy solicitation agencies to secure proxy votes.