proxy

PROK-see /ˈprɒk.si/
nounB2GREGMATSAT
FormalCorporateTechnical

A representative authorized to vote or act for another; the official document granting voting power.

Refers both to the agent appointed and to the voting authorization document itself.

The story behind the word. A medieval Anglo-French contraction of Latin 'procuratio', meaning 'agency' or 'taking care of business for another' (from 'pro' on behalf of + 'curare' to care for). It shortened to 'proxy' in English courts.

Word relationships

  • surrogate: Surrogate emphasizes replacing someone in a role; proxy emphasizes delegated voting authority.
  • principal: The principal is the person authorizing the proxy agent to vote.

Commonly confused with

  • agent: An agent acts broadly across business operations; a proxy is specific to voting rights and governance governance.

Word family

  • proximate (adjective): Closest in space or relationship.

Collocations

  • proxy vote
  • proxy statement
  • proxy contest

Idioms & expressions

  • vote by proxy

Example sentences

  • "Shareholders unable to attend the meeting submitted their decisions by proxy." Corporate governance
  • "The hedge fund launched a proxy contest to remove three board members." Board dispute

Memory hook

PROXy acts APPROXimately in your place. Authorized substitute voter.

When not to use

Avoid using as a vague synonym for 'guess' in general conversation.

Fun facts

  • In US public finance, the SEC DEF 14A 'Proxy Statement' discloses top executive salary data to all investors.

Related words

shareholder, governance

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