In the corporate context, the term "proxy" has two meanings. First, it refers to a person who is given the authority to represent, vote and exercise the powers associated with the stock owned by the person who designates the proxy (the "Stockholder"). Second, the term "proxy" also refers to the document under which the stockholder gives the power to the person who will represent the stockholder. Thus, a proxy document is actually a special power of attorney. In many cases, the proxy is given to another stockholder. |