A Proxy Is

Multiple Choice

A proxy is

A) A legal document that gives an agent of a shareholder the power to exercise the voting rights of that shareholder's shares
B) A contractual commitment by an investor to purchase unissued shares and become a shareholder
C) An amount of assets defined by law that shareholders must invest and leave invested in a corporation
D) The right of common shareholders to protect their proportionate interests in a corporation by having the first opportunity to purchase additional shares of common shares issued by the corporation
E) An arbitrary value a corporation places on each of the corporation's shares