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PROXY FROM SHAREHOLDER TO ANOTHER SHAREHOLDER

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PROXY FROM SHAREHOLDER TO ANOTHER SHAREHOLDER

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Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 0000420
  • Version V 1.0
  • Last Updated 07-06-2023
  • Reviews 0
Document Summary

A shareholder proxy is an individual with legal authorization to vote on behalf of another shareholder during a general assembly meeting. This also designates the extent to which the proxy can speak on the shareholder's behalf. In some cases, a formal power of attorney document may be required. Allowing proxy voting encourages all ownership interests to be represented even when shareholders cannot personally attend annual meetings. These meetings often determine the direction of the company and thus impact the value of each shareholder's investment.

Description

Shareholder voting is critical, as it is the primary way that owners can influence the operation of the company, social responsibility endeavors, and corporate governance. In most cases, shareholders receive one vote per share, though some shares may carry additional voting rights Shareholders who do not authorize a proxy vote and do not attend the meeting have effectively abstained from voting. The ability to vote by proxy allows shareholders to own stakes in and truly influence the direction of companies all over the world. Online proxies are increasingly available and allow shareholders to access the proxy statement and vote using a unique ID number.

Jurisdiction

This agreement is intended for use in the United Arab Emirates.

Before Execution

- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.

- Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.

- Please remove the square brackets and all highlighting prior to signature.