The Study Of Voting Proxy

As a means of controlling the investment to the company, voting right is the basic right of the shareholder. Shareholder can attend the meeting personally or act as proxy. There are two way of voting proxy. One hand, because the limited time and energy, shareholder usually entrust another person to vote at the meeting, if happened some disputes, we can applicant the proxy rule of civil law. The other hand, others sometime persuade shareholders entrusting them to vote at the meeting, we define this action as proxy solicitation. The person who solicits the voting usually can obtain large quantity voting right, so they can influence the policy decision of the company. But the solicitors are not the investor of company, theirs interest is not the same with shareholder, so they may gain some interest by damaging the shareholder's interest. Because the question above, some countries draft the rule of proxy to manage this action. The rule of America is the most perfect and delicate. This article based the Security Exchange Act of America, the author investigate the law of other countries, such as German,Korea,Japan. The author studied the shareholder's right of proposals and the private actions for violation of federal proxy rules of America. This study may have some benefit for establish the proxy rule in our country.