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"proxy contest" is a situation in which two groups or parties compete to gain control of a company by persuading its shareholders to vote for their preferred candidates or proposals. It usually happens during annual general meetings of the company, where shareholders can vote using proxy, or someone who represents their voting rights. Essentially, it's a battle for control of a company by seeking support from its shareholders.
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«proxy»
«contest»
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Sentences with «proxy contest»
- This means that seriously shaking up a board would require at least two very expensive proxy contests over two years. (greenbackd.com)
- The big question is whether proxy contests are going to be a permanent trend in the Canadian economy, he says. (canadianlawyermag.com)
- Rick also has significant experience in representing both corporations as well as activist shareholders in proxy contests and governance disputes. (bryancave.com)
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