Your friend Steve owns a considerable amount of common stock in Intel, the large microchip manufacturer. He wants to cast his votes on various issues at the annual stockholders' meeting, but he does not have the time to travel a great distance to the meeting. Instead of attending the meeting, Steve decides to register his votes by
A) registered mail.
B) pre-emptive right.
C) proxy.
D) power of attorney.
E) preferred stock.

Question

Quizplus · Accepted Answer

Steve can register his votes by proxy, which means he designates someone else to attend the meeting and cast his votes on his behalf. Proxy voting is a common way for shareholders to participate in meetings without physically being present.

Your Friend Steve Owns a Considerable Amount of Common Stock