proxy battle

A proxy battle occurs when two groups compete to control a company, especially during a shareholder vote. Instead of voting in person, shareholders can allow someone else, or a "proxy," to vote on their behalf. In a proxy battle, one group tries to persuade shareholders to support their proposed changes, like replacing board members or altering company policies, while the opposing group defends their position. This often involves campaigns to win shareholder favor, highlighting disagreements over management strategies or company direction. Ultimately, the outcome affects who runs the company and its future.