proxy statement
- It is a document that outlines the specifics of a suggested action for a corporation that must be presented to the company's shareholders so that they can vote on the action
- Before the company's annual meeting, the shareholders received a proxy statement outlining the proposed changes to the executive compensation structure.
- The corporation provided a detailed proxy statement to its shareholders describing plans for a major merger and acquisition effort and subsequent vote.
- To make an informed decision, shareholders are required to thoroughly review the proxy statement before voting on key strategic initiatives.
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