Proxy Voting
Proxy voting, in the context of delegated voting, allows a person to authorize someone else to vote on their behalf in decisions like shareholder meetings or elections. Instead of attending in person, the individual can give their voting rights to a trusted representative—often called a proxy—who will cast votes according to their wishes. This system enables those unable to participate directly, due to time constraints or other reasons, to still have a say in important decisions, ensuring their interests are represented even if they can't be there themselves.
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Proxy voting is a practice that allows a person to delegate their voting rights to someone else, typically in situations where they cannot attend a meeting or election in person. This often occurs in corporate settings, where shareholders may authorize another person to vote on their behalf at annual meetings. By using a proxy, individuals ensure their voice is still heard on important decisions, such as electing board members or approving company policies. The proxy holder votes according to the instructions given by the person who granted them the authority.