proxy

Related Terms
Written authorization from an absent member (or a shareholder, called the 'principal') that confers a limited power of attorney on another person, member, or management of the firm (called 'agent' or 'proxy') to vote on behalf of, and in accordance with the directions of, the principal.

Use 'proxy' in a Sentence

Her stockbroker held her proxy, because Marcie felt far too busy to vote on corporate matters even though she owned many shares of Exxon.
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Because I will be traveling over the next month, I have named John Smith to be my proxy, so he can vote on my behalf while I am absent.
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Because the board member was absent for the meeting, his voting power was granted by proxy to another senior colleague.
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