What is a proxy solicitor?

Proxy solicitors are professionals or firms that assist companies in communicating with shareholders and securing votes for shareholder meetings, such as annual general meetings or special meetings. Their primary role is to help companies achieve quorum and support for proposals by soliciting proxies, which are authorizations from shareholders to vote on their behalf. Proxy solicitors manage the complex process of outreach, compliance, and vote tabulation, often providing strategic guidance on shareholder engagement. They are commonly engaged during proxy contests, mergers, and other significant corporate actions.