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Under state corporate laws and exchange listing standards, public companies are required to hold an annual shareholders meeting at which certain corporate business is conducted, including the election of directors. Certain types of matters, such as the election of directors, are required to be submitted to a shareholder vote. Others, such as ratification of auditors, are not mandated, but are commonly submitted to a shareholder vote. If shareholders cannot attend the meeting in person, they can make use of a proxy to cast their vote. In order to solicit proxies at an annual meeting, the Securities Exchange Act of 1934 requires companies to provide information to shareholders before the meeting in the form of a proxy statement.
Created By:
Russell Benasaraf
01-08-2014
Last Updated By:
Russell Benasaraf
03-17-2014
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