proxy voting
[ˈprɑːksi ˈvoʊtɪŋ]
noun
votação por procuração
1. A voting process where a designated person (proxy) casts votes on behalf of another person who is unable or unwilling to vote in person
The shareholder authorized proxy voting to allow someone else to vote on her behalf at the annual meeting.
O acionista autorizou a votação por procuração para permitir que outra pessoa votasse em seu nome na assembleia anual.
2. The practice of voting by a representative or agent delegated to act on behalf of an absent voter
Proxy voting is common in corporate governance when shareholders cannot attend meetings in person.
A votação por procuração é comum na governança corporativa quando os acionistas não podem comparecer pessoalmente às reuniões.
Proxy voting is a significant practice in both Brazilian and American corporate governance. In Brazil, it's regulated by the Securities Commission (CVM) and is particularly important for minority shareholders and institutional investors. In the USA, it's heavily used in shareholder meetings and is subject to SEC regulations. The practice became more prominent globally during the COVID-19 pandemic when in-person meetings were restricted.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →