Virtually all shareholders who vote for directors do so through the use of a proxy.

Question

Quizplus · Accepted Answer

This statement is true. Proxies are commonly used by shareholders to vote for directors in corporate elections. A proxy is a legal document that allows a shareholder to delegate their voting power to someone else, usually the company's management or a third-party proxy solicitor. This allows shareholders who cannot attend the meeting to still participate in the election and have a say in who is elected to the board of directors.

Virtually All Shareholders Who Vote for Directors Do So Through