What is remote proxy voting?

Remote proxy voting is a process that allows shareholders or members of an organization to cast their votes on company matters without being physically present at the meeting. Instead, they assign their voting rights to a proxy—either a person or an entity—who votes on their behalf. This can be done electronically or via mail, making it easier for participants who cannot attend meetings in person to have their voices heard. Remote proxy voting is commonly used in corporate shareholder meetings, nonprofit boards, and other decision-making bodies to increase participation and streamline the voting process.