A Proxy Is

Multiple Choice

A proxy is:

A) 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.
B) An arbitrary value a corporation places on each of the corporation's shares.
C) An amount of assets defined by law that shareholders must invest and leave invested in a corporation.
D) A contractual commitment by an investor to purchase unissued shares and become a shareholder.
E) A legal document that gives an agent of a shareholder the power to exercise the voting rights of that shareholder's shares.