181. Proxies Flashcards
1
Q
- Proxies
A
General overview
[181.01] A member may appoint a representative or proxy to attend and vote at the company’s meetings on his behalf: s 181(1). Members of a company may provide clauses in the company’s constitution relating to the powers of a proxy, but in any case, s 181(1A) provides that (a) a proxy shall only vote on a poll; (b) a member shall not be entitled to appoint more than two proxies to attend and vote at the same meeting; and (c) where the member appoints two proxies, the appointment is invalid unless he specifies the proportions of his holdings to be represented by each proxy.