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proxy an important tool relating to control of the firm?

October 12, 2011 by admin  
Filed under Discussions

Question by hoho: proxy an important tool relating to control of the firm?

A proxy is a document giving one party the authority to act for another party, typically the power to vote shares of common stock. A proxy can be an important tool relating to control of the firm. True or false?

Best answer:

Answer by Susie T
Well, it COULD be. Except most people don’t even read the proxy or explanations, and just check the box “Vote for Management Position”. They are so lazy the tool isn’t very useful.

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