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Some firms such as corporations and closed-end mutual funds hold annual shareholder meetings while other firms may hold meetings only when an issue is raised requiring one or more proposals to be presented to shareholders. Attendees are asked to vote on issues that impact the future direction of the company or financial investment. But not all shareholders can attend these meetings in person. That’s where proxy voting comes in.
If a shareholder is not able to attend the annual or special shareholder meeting in person, a proxy vote allows them to cast their ballot or vote their shares on key proposals and corporate governance issues.
You may have opportunities to vote on proposals regarding corporate governance, executive pay, leadership selection, stock options, corporate social responsibility or investment strategy changes. Choosing the board of directors or trustees is usually the most high-profile shareholder vote.
You’ll receive proxy materials by mail or email, enclosed with important information:
