Definition of Proxy Statement



Proxy statement is a document containing the agendas of the special or annual general meeting that companies use to inform shareholders. The security and exchange commission requires companies to do so to inform the shareholders in advance so that the shareholders can focus on better decisions.

 


The proxy statement can contain agendas like the appointment of new directors or remuneration and incentives of existing directors. Proxy statements are filed with Security and exchange commission and it is available on SEC data center. For new investors, a proxy statement can be useful to assess how much company executives are compensated while comparing the performance of the company, which will ultimately help them taking investment decisions.

 

View More Managerial Finance Definitions