A Proxy Is a Document Giving One Party the Authority

question 19

True/False

A proxy is a document giving one party the authority to act for another party, including the power to vote shares of common stock.Proxies can be important tools relating to control of firms.

---

Definitions:

Rights

Legal, social, or ethical principles of freedom or entitlement; the fundamental norms about what is allowed or owed to people.

Privacy Term

A concept or condition related to the protection of personal information from unauthorized access or disclosure.

Political Term

A word or phrase that is commonly used in the context of governmental, political, or public affairs.

Informed Consent

The process by which a fully informed individual voluntarily agrees to participate in a particular course of action, after understanding the potential risks, benefits, and alternatives.