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When may a company vote a stockholder’s shares without receiving instructions on how to vote?
By Christopher Hewitt
The rules regarding a company’s ability to use discretionary authority to vote proxies at a stockholders meeting are probably some of the most complex proxy rules to understand, but it is critical to understand them, especially in a contested election.
In its simplest form, a proxy card…
What the heck is a broker non-vote?
By Christopher Hewitt
Most stockholders of publicly traded companies beneficially own their shares in these companies in a brokerage account. The broker may be the record holder of these shares, but in many cases that brokerage firm also holds those shares through yet another brokerage firm. In fact, Cede &…