What is a proxy representative?

A Proxy Representative is an individual or entity authorized to act on behalf of another person or organization in specific matters, often involving voting, legal, or business transactions. This role is commonly used in shareholder meetings, legal proceedings, or situations where the principal cannot be present. The Proxy Representative carries out instructions as specified in a proxy document, ensuring the principal's interests are represented accurately. The extent of their authority depends on the terms of the proxy agreement, and they are typically bound by fiduciary duty to act in the best interests of the principal.