Proxy fight

A proxy fight, proxy contest or proxy battle is an unfriendly contest for control over an organization. It is a form of shareholder activism. This usually occurs when a corporation’s stockholders develop opposition to some aspect of the corporate governance, often focusing on directorial and management positions. Corporate activists may attempt to persuade shareholders to use their proxy votes to install new management for any of a variety of reasons. Shareholders of a public corporation may appoint an agent to attend shareholder meetings and vote on their behalf. That agent is the shareholder’s proxy.