Definition of proxy

1. power of attorney by which the holder of stock transfers the voting rights to another party. Sometimes proxy fights erupt with outside groups competing in the solicitation of proxies that would give them voting control.
2. short for proxy statement, a written document that the SEC requires to be provided to shareholders before they vote by proxy on corporate matters. It typically contains proposed members of the board of directors, inside directorsalaries, and any resolutions of minority stockholders and of management.

In general: person authorized to act or speak for another.
Business: (1) written Power Of Attorney given by shareholders of a corporation, authorizing a specific vote on their behalf at corporate meetings; (2) person authorized to vote on behalf of a stockholder of a corporation.

an item that represents something else.

In general: person authorized to act or speak for another.
Business:

1. written power of attorney given by shareholders of a corporation, authorizing a specific vote on their behalf at corporate meetings. Such proxies normally pertain to election of the board of directors or to various resolutions submitted for shareholders' approval.
2. person authorized to vote on behalf of a stockholder of a corporation.

a person who represents another, particularly in some meeting. Also, the document giving to another the authority to represent.

Example: Abel could not be at the cooperative apartment association's annual meeting, so he cast his vote by proxy.