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Proxy's Proxy


Guest Rob James

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In a corporate setting, say a shareholders' meeting, can a person appointed by proxy appoint a further proxy? In other words, if person A appoints person B by proxy, and Person B appoints person C by proxy, can person C exercise the voting rights of person A and B?

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the corporate statute says "Every shareholder...entitled to vote at a meeting of shareholders may by means of a proxy appoint a person...as the shareholder’s nominee to attend and act at the meeting in the manner, to the extent and with the power conferred by the proxy." the by-laws are silent. the proxy form has no limitations.

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In a corporate setting, say a shareholders' meeting, can a person appointed by proxy appoint a further proxy? In other words, if person A appoints person B by proxy, and Person B appoints person C by proxy, can person C exercise the voting rights of person A and B?

That would be up to the organization to decide.

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