Proxy

A shareholder can vote in person or by proxy. A proxy is document that designates a person to represent another at a meeting, conferring the authority to vote in his or her name . The shareholder is the only person who can delegate his or her right to vote.
Written form is necessary for a proxy.

Unless given special authority, an ordinary proxy can vote only on regular corporate business, such as the amendment of the bylaws.

A proxy can be revoked at any time, unless it is coupled with an interest or given as security and stated expressly irrevocable. A proxy can also be revoked when the stockholder gives a subsequent proxy or attends the meeting in person.