Proxy Voting and the Investor Relations Officer

There is an old saying: “It’s not what you know and it’s not who you know. It’s what you know about who you know that really matters” (Sheehan 2008). This saying is one for Investment Relations Officers (IROs) to keep in mind especially during proxy season.

Voting by proxy is how common shareholders of corporations, who typically do not attend shareholder meetings, exercise their voting rights. Proxy ballots can contain items proposed by the company (e.g., the election of directors, audit committee reporting, and executive compensation), along with shareholder resolutions. A proxy is a written authorization provided by a shareholder specifying his or her vote at a shareholder meeting (Bragg ...

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