Proxy Statement

A proxy statement is a document provided to shareholders of a publicly traded company before an annual or special meeting, detailing important information about issues that will be voted on, such as the election of directors, executive compensation, and other significant corporate matters. The proxy statement allows shareholders to vote on these matters even if they cannot attend the meeting in person. Proxy statements are regulated by the Securities and Exchange Commission (SEC) in the United States.

Example

A company sends a proxy statement to its shareholders before the annual meeting, including information on board member elections and executive pay proposals, allowing shareholders to cast their votes.