Question

The term ‘proxy' in the context of company meeting means

• A. The Chairperson who presides over the meeting.
• B. A person authorized to represent and vote on behalf of another person.
• C. The secretary who records the minutes of the meeting.
• D. A guest speaker invited to address the meeting.

Hint:

A Proxy represents another person in a meeting and exercises voting rights on that person's behalf.

Answer 1

The Correct Option is B

Step 1: Understand the business term. In company law and business meetings, a proxy is a person who is legally authorized to attend a meeting and vote on behalf of a shareholder or member who is unable to attend personally.

Step 2: Understand the context. Many companies permit shareholders to appoint a proxy so that their voting rights can still be exercised even in their absence.

Step 3: Analyse the options.
• (A) Incorrect. The Chairperson conducts the meeting but is not called a proxy.
• (B) Correct. This is the exact definition of a proxy.
• (C) Incorrect. Recording the minutes is the responsibility of the secretary.
• (D) Incorrect. A guest speaker has no authority to vote on behalf of a member.

Step 4: Final conclusion. \[ \boxed{\text{Proxy}=\text{A person authorized to represent and vote on behalf of another person}} \] Hence, the correct option is \(\boxed{(B)}\).