What is proxy voting asset management?

What is proxy voting in corporate actions?

Proxy voting is when a shareholder, acting on behalf of another person (for example, a family member), gives the proxy to vote on a matter. Proxy votes are usually used instances where it is not possible or practical for a person to attend the meeting. Proxy voting is particularly common in corporate actions involving dividends, resolutions and mergers.

How do I use proxy voting? Before using proxy voting, you need to determine whether your proxy is right for the purpose. If you don't have a reason to use proxy voting, do not ask for it. If you do have a reason to use proxy voting, then ask yourself:

What is the purpose of proxy voting? Is it necessary to use proxy voting? Do you have a reason to vote by proxy? Is there another way to vote? Will the proxy be used by more than one person? Will the proxy be used by the person who gave it to you? Is there any reason why I shouldn't use proxy voting? Who will benefit from the proxy vote? If the proxy is given to you, will the proxy benefit the person who gave it to you? Have you received any benefits from the proxy? If the proxy is being voted on behalf of a company, who will benefit from the vote? How is the proxy voted? When you have decided that you wish to use proxy voting, you must complete the following forms and give them to your lawyer or accountant for completion. The lawyer or accountant will arrange for the proxy to be executed. Once the proxy has been executed, you will receive a copy of it. You will need this copy to hand in to the meeting.

What is the procedure for using proxy voting? The procedure for using proxy voting will depend on what type of meeting is involved. For example, if the meeting is an ordinary shareholders meeting, there will usually be a form which you will need to complete before giving the proxy to your lawyer or accountant. If the meeting is a special meeting, you may need to give your proxy in advance.

If the meeting is a general meeting, the directors will usually determine how they will proceed with the meeting. The directors may hold a preliminary meeting to determine if they should hold the meeting. If so, you will need to attend the meeting and give your proxy at the meeting.