Proxy committee

Proxy Committee Ballot
Definition: [crh] The ballot signed and submitted at the meeting by the Proxy Committee.

Proxy Committee Ballot
The ballot signed and submitted at the meeting by the Proxy Committee. It is the legal voting of shares represented by proxies assigned to the Proxy Committee and should always be completed.

Proxy Committee A group of individuals appointed by the board of directors of the companies to formally represent the shareholders who send in proxy cards, to vote the represented shares in accordance with the shareholders' instructions.

No Substitution Within the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares.

Within the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares.

Exception
A proxy which does not authorize the proxy committee to act on its behalf concerning any other business, adjournments or substitutions.

See also: Cash out, Life insurance policy, Banks, Compensation, Expense