Why would a shareholder appoint a proxy for the AGM
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The shareholders can issue a proxy in case they are not able to attend the meeting . By this process , a shareholder can appoint an agent to attend and act on his behalf during the meeting . ... According to the law , the voting right of the shareholder depends on the number of shares he owns...
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Proxy voting simply allows shareholders to use their votes through a third party without the need to attend the meeting. The use of proxies enables investors to own and vote on equities in companies around the world.
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