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Word proxy within the context of corporate governance. Well generally shareholders have the right to vote at shareholder meetings. Okay. But sometimes action is taken without their voted shareholder means, there can be unanimous written consent of all shareholders to approve a certain action required to be voted on by shareholders and this can work or again they cast their vote at a meeting. Well when a corporation gets large, you have a wide dispersal publicly held shares, its not likely that all shareholders are going to show up to the shareholders meeting and vote. All right. Now, so in order for these shareholders to vote they generally do so by something called a proxy. All right. Now a proxy means they have somebody else vote their interest on their behalf, so this they the corporation will send out these proxy cards that have a proposal on it and have a proposal to have a representative vote the shareholders interest at the corporate meeting on their behalf. Now companies publi
