Question

a proxy is: multiple choice a device for circumventing regular voting procedures. a coupon attached to each share of stock and used by the shareholder in casting his vote on current issues. an authorization of a registered shareholder to another person to act in his place at the general meeting. a warrant allowing a shareholder to purchase a specified number of additional shares at a given price.

Answer 1

A proxy is an authorization of a registered shareholder to another person to act in his place at a general meeting.

Step-by-step explanation:

A proxy is:

c) an authorization of a registered shareholder to another person to act in his place at the general meeting.

In corporate governance, a proxy is a legal document that grants authority to another individual or entity to vote on behalf of a shareholder during company meetings, particularly at shareholder meetings. Shareholders who are unable to attend these meetings in person can delegate their voting rights to someone else through a proxy. This authorization allows the designated proxy holder to vote on resolutions and make decisions on behalf of the absent shareholder as per the shareholder's instructions or discretion.