How to make sure that your Corporate Proxy will vote as it is necessary
A Corporate Proxy, also known as a Proxy Form or Proxy Agreement, delegates your voting powers in a corporation to a third individual who will vote on your behalf.
In order to vote on corporate matters, the shareholder must be present at the annual meeting. If you live on the West Coast and the company is headquartered in Atlanta, being present at the annual shareholders’ meeting may be difficult.
A Corporate Proxy is also used when voting by mail, phone or over the internet. As a result, you have the luxury of casting your vote without actually attending the meeting.
How to Assign a Corporate Proxy
Assigning a Corporate Proxy is relatively simple, but requires notarization. To appoint a Corporate Proxy, start by filling out this form to guide you through the process.
You will need to identify the individual that will be voting on your behalf when the meeting will take place and the corporation involved.
After having the document notarized, a copy should be given to the Proxy and the corporation.
How to Make Sure the Corporate Proxy Votes Appropriately
Since you will not be physically present at the annual shareholders’ meeting, you will also need to specify the matters in which you would like the proxy to vote. While you can allow the proxy to vote at her or his own discretion, you might be passionate on one or two issues.
Prior to the vote, the company typically sends an information packet listing the issues that will be up for vote. To specify the vote on specific issues, it will be necessary to indicate the name and number of the issue, and the way in which you desire to vote: for, against, or abstain.