proxy contest

Definition of "proxy contest"
  1. A situation where a shareholder disputes a corporate management action or its control by convincing other shareholders to grant them their voting rights
How to use "proxy contest" in a sentence
  1. Due to differences over the company's future direction, a proxy contest was initiated by an influential shareholder.
  2. During the annual shareholders' meeting, the proposals were disputed through a proxy contest.
  3. A stand-off between the shareholders and the board of directors led to a fierce proxy contest.

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