What does proxy fight mean?
Definitions for proxy fight
proxy fight
This dictionary definitions page includes all the possible meanings, example usage and translations of the word proxy fight.
Princeton's WordNet
proxy fightnoun
a measure used by an acquirer to gain control of a takeover target; acquirer tries to persuade other shareholders that the management of the target should be replaced
ChatGPT
proxy fight
A proxy fight, also known as a proxy battle or proxy contest, is a strategy used in corporate governance when multiple parties compete for the votes of shareholders to effect a significant change within the company. This could include changes such as altering the board of directors, a proposed acquisition or merger, or enacting specific resolutions. The term "proxy" refers to the ability of shareholders to cast their votes without attending shareholder meetings in person, often by assigning their voting ability to representatives.
Wikidata
Proxy fight
A proxy fight or proxy battle is an event that may occur when a corporation's stockholders develop opposition to some aspect of the corporate governance, often focusing on directorial and management positions. Corporate activists may attempt to persuade shareholders to use their proxy votes to install new management for any of a variety of reasons. Shareholders of a public corporation may appoint an agent to attend shareholder meetings and vote on their behalf. That agent is the shareholder's proxy. In a proxy fight, incumbent directors and management have the odds stacked in their favor over those trying to force the corporate change. These incumbents use various corporate governance tactics to stay in power, including: staggering the boards, controlling access to the corporation's money, and creating restrictive requirements in the bylaws. As a result, most proxy fights are unsuccessful. However, it has been recently noted that proxy fights waged by hedge funds are successful more than 60% of the time.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of proxy fight in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of proxy fight in Pythagorean Numerology is: 4
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"proxy fight." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/proxy+fight>.
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