proxy fight

Boardroom voting battle

A proxy fight is a battle for control of a corporation in which competing parties solicit shareholders' proxy votes—the right to vote on their behalf.

Typically an outside group challenges current management, urging shareholders to grant them voting authority: The activist investor launched a proxy fight to replace three board members.

Also called a proxy contest or proxy battle.

Related

shareholder vote · boardroom · board seat · activist · investor · votes · battle · war of words · corporate · dissident · insurgent · contested · control · majority control · change of control · power · struggle · slate

Opposites
corporate control method

proxy fightfriendly takeover

Negotiated company acquisition

leveraged buyout · tender offer · management buyout · acquisition · friendly merger

corporate action type

proxy fightfriendly merger

Mutually agreed company union

handshake deal · mutual agreement

corporate harmony

proxy fightacclamation

Enthusiastic public praise

Family

proxy, fight, proxies, fights, fighting, fought, fighter, fighters

Familiarity
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Used worldwide · Timeless · Abstract · Rated G