Who Can Solicit a Proxy?

Prior to each shareholders' meeting, a public company solicits a proxy from each of its shareholders by providing a proxy statement and a proxy card (or voting instructions).

What constitutes proxy solicitation?

Filters. The process of obtaining shareholders' agreement for proposals. Proxy solicitation materials are issued to give shareholders information that enables them to vote in an informed manner.

Who can be a proxy?

A member of a company is entitled to appoint another person as his proxy to exercise all or any of his rights to attend, speak and vote at a meeting of the company. A member can appoint any other person to act as his proxy; it does not have to be another shareholder of the company.