A proxy given to a caretaker to vote at stockholders shares is a: A power of attorney B trading authorization C discretionary authority D voting trust

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Business

Jakobe Browning

16 May, 05:00

A proxy given to a caretaker to vote at stockholders shares is a: A power of attorney B trading authorization C discretionary authority D voting trust

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Answers (1)

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Paxton Butler · Answer 1

A) Power of Attorney

Explanation:

When a stockholder cannot attend a corporation's annual meeting, he/she can issue a power of attorney to another person to represent him/her at the meeting and vote on his/her behalf. In business, this is called a proxy, where the individual granted the power of attorney acts as the stockholder's proxy.