What is a "proxy" in corporate terms?

In corporate terms, a "proxy" refers to a person authorized to act on behalf of a shareholder during corporate meetings. This authorization allows the proxy to vote on behalf of the shareholder, which is particularly important in situations where the shareholder cannot attend the meeting in person. Proxies ensure that shareholders still have a voice and can influence decisions that affect their interests in the corporation. The use of proxies is a fundamental aspect of corporate governance, as it helps maintain shareholder participation in decision-making processes, even when they are physically absent.

Other options do not accurately describe a proxy. For instance, the first option relates to financial agreements, while the third pertains to tax matters, neither of which involve representation in corporate meetings. The fourth option refers to resignation, which is unrelated to the concept of proxy usage in corporate environments. Therefore, identifying a proxy as a representative of a shareholder is both precise and pertinent within the context of corporate operations.