proxy investment & finance definition

A ballot that allows shareholders to cast their vote at an annual or special meeting without attending the actual meeting. Typically the proxy can be mailed or cast through an automated telephone voting service or on the Internet. Proxies also can be given to someone, who then votes on behalf of the shareholder. This right may be given to an attorney, to the corporation (which will vote the shares in line with its wishes), or to another person the shareholder authorizes.