Question

A proxy is

A. a device for circumventing regular voting procedures
B. a coupon attached to each share of stock and used by the shareholder in casting their vote on current issues
C. an authorization of a registered stockholder to another person to act in their place at the meeting
D. a warrant allowing a stockholder to purchase a specified number of additional shares at a given price.

Answer 1

Answer:

C. an authorization of a registered stockholder to another person to act in their place at the meeting

Explanation:

• The proxy server acts as a gateway between you and the Internet.
• it is a Intermediate Server separates users from browsing websites
• Therefore, the proxy here refers to allowing someone to act on their behalf. In the case of the company, the proxy allows another person to act on behalf of the registered stockholder at company meetings.