What is a proxy vote?

A proxy vote is a way for people to vote without being present. In corporate law, a proxy vote is a document that allows one person, usually a shareholder in a company, to give someone else the right to vote on their behalf on important company matters, such as electing a board of directors or approving a company merger. In the state of Washington, a proxy vote must be in writing. The person authorizing the proxy vote must sign and date the document, and provide the name of the person who will be voting on their behalf. That person will also need to sign the document acknowledging they have been granted the right to vote. The proxy vote must also be notarized. The proxy voter acts as a representative, and must vote as the person authorizing the proxy would have. The proxy vote is valid until the company’s next annual shareholder meeting, or until it is revoked by the person who granted it. It is important to remember that a proxy vote should not be given lightly, and should be used only when necessary.

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