A Proxy Is

Multiple Choice

A proxy is:

A) A document that gives a designated agent of a shareholder the right to vote on the shareholder's behalf.
B) A contractual commitment by an investor to purchase unissued shares.
C) An amount of assets defined by law that shareholders must invest and leave invested in a corporation.
D) The right of ordinary shareholders to protect their proportionate interests in a corporation by having the first opportunity to purchase additional ordinary shares issued by the corporation.
E) An arbitrary amount assigned to no-par shares by the corporation's board of directors.