Question

A shareholder's authorization of another person to vote the shareholder's shares at the shareholders' meetings in the event of the shareholder's absence is called a(n) ________.

a) Proxy
b) Mandate
c) Directive
d) Endorsement

Answer 1

The correct term for a shareholder's authorization for another person to vote their shares is a a) Proxy.

Step-by-step explanation:

A shareholder's authorization of another person to vote the shareholder's shares at the shareholders' meetings in the absence of the shareholder is called a Proxy. This means the designated individual, who holds the proxy, can vote on behalf of the absent shareholder. Such authorization ensures that the shareholder's voting rights are exercised even if they cannot attend meetings in person, allowing them to influence company decisions, board elections, and other important matters that require voting by shareholders.

Regarding the review question, writing to an elected official is a form of political participation. This activity is a way for citizens to express their opinions, concerns, or support for particular issues to those who represent them in government. By engaging in such actions, individuals can influence policies and the decision-making processes of their representatives.