Broker Check

Why Vote for those Annoying Stock Proxies?

April 05, 2023

Clients always ask why do I get these Stock Proxies to vote on and why do they keep calling me to vote?

As a shareholder in a company, you have the right to vote on various topics that the company presents for your consideration. They also require a certain percent of the shareholders to

vote, in order for them to pass or reject what is proposed in the proxies.

There are several reasons why you should vote:

First, voting is your right as a shareholder, you have a say in how the company is run. By voting you can help ensure that the comany is managed in a way that is in the best interests of all shareholders.

Second, voting can help protect your investment. If you don't vote, you may be giving up your right to have a say in important decisions that cuold affect the value of your investment.

Third, voting can help to promote good corporate governance.  When shareholders vote, they can send a message to the company's managment about what they expect in terms of transparency, accountablity, and ethical behavior.

Finnaly, voting is a way to make your voice heard. By voting, you can let the company know what you think about its policies and practives.  thsi can help to share the future of the company and ensure that it is run-in a way that is in the best interest of all stakeholders.

If you own shares in a publicly traded company, you should make sure to vote your proxies.  It's your right and your responsibility as a shareholder.  And it's a way to make your voice heard and help shape the future of the company.

Here are some tips for voting your proxies:

  • Read the proxy statement carefully.  This document will tell you about the proposals that will be voted on at the annual meeting and explain the company's position on each proposal.
  • Consider your opotions.  You can vote for or against each proposal, or you can abstain from voting. If you abstain, you are expressing an opinion on the proposal
  • Vote early and often.  The deadline for voting your proxies is usually set by the company.   Be sure to vote before the deadline so that your vote will be counted.
  • Make your vote count.  Your vote can have a real impact on the outcome of the vote.  Don't forget to vote your proxies.