What is a Proxy Statement Used For?

Well, in case you have been wondering about what is a proxy statement, it is basically the information that helps the shareholders to vote. Such statements are prepared by publicly held companies in order to provide information regarding matters that are subject to votes from the shareholders at an annual meeting or a special meeting. The information may be related to the board nominees, executive compensation, and other such matters. The investors are advised to review these prior to voting.
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