Question

The right to cast another shareholder's vote is called?

1) cumulative voting
2) proxy voting
3) a pooling agreement
4) a shareholder proposal

Answer 1

The right to cast another shareholder's vote is known as proxy voting, enabling shareholders to vote without being physically present at meetings.

Step-by-step explanation:

The right to cast another shareholder's vote is called proxy voting. When a shareholder cannot attend a company's annual meeting, they have the option to vote by giving another person the authority to vote on their behalf, which is done through a document known as a proxy.

Proxy voting is important as it ensures that a shareholder's vote can still be counted even if they are not physically present at the meeting.