Proxy | Definition of Proxy by Merriam-Webster
1: a person who is given the power or authority to do something (such as to vote) for someone else
Since I wouldn’t be available to vote, I nominated him to act as my proxy.
2: power or authority that is given to allow a person to act for someone else
1: the agency, function, or office of a deputy who acts as a substitute for another
2a: authority or power to act for another
b: a document giving such authority
specifically: a power of attorney authorizing a specified person to vote corporate stock
3: a person authorized to act for another: procurator
About proxy servers – IU KB
A proxy server, also known as a “proxy” or “application-level gateway”, is a computer that acts as a gateway between a local network (for example, all the computers at one company or in one building) and a larger-scale network such as the internet. Proxy servers provide increased performance and security. In some cases, they monitor employees’ use of outside resources.
A proxy server works by intercepting connections between sender and receiver. All incoming data enters through one port and is forwarded to the rest of the network via another port. By blocking direct access between two networks, proxy servers make it much more difficult for hackers to get internal addresses and details of a private network.
Some proxy servers are a group of applications or servers that block common internet services. For example, an HTTP proxy intercepts web access, and an SMTP proxy intercepts email. A proxy server uses a network addressing scheme to present one organization-wide IP address to the internet. The server funnels all user requests to the internet and returns responses to the appropriate users. In addition to restricting access from outside, this mechanism can prevent inside users from reaching specific internet resources (for example, certain websites). A proxy server can also be one of the components of a firewall.
Proxies may also cache web pages. Each time an internal user requests a URL from outside, a temporary copy is stored locally. The next time an internal user requests the same URL, the proxy can serve the local copy instead of retrieving the original across the network, improving performance.
Do not confuse a proxy server with a
NAT (Network Address Translation) device. A proxy server connects to, responds to, and receives traffic from the internet, acting on behalf of the client computer, while a NAT device transparently changes the origination address of traffic coming through it before passing it to the internet.
For those who understand the OSI (Open System Interconnection) model of networking, the technical difference between a proxy and a NAT is that the proxy server works on the transport layer (layer 4) or higher of the OSI model, whereas a NAT works on the network layer (layer 3).
This is document ahoo in the Knowledge Base.
Last modified on 2018-11-15 11:25:00.
Proxy Definition – Investopedia
What Is a Proxy?
A proxy is an agent legally authorized to act on behalf of another party or a format that allows an investor to vote without being physically present at the meeting. Shareholders not attending a company’s annual general meeting (AGM) may vote their shares by proxy by allowing someone else to cast votes on their behalf, or they may vote by mail.
A proxy is an agent legally authorized to act on behalf of another proxy may also allow an investor to vote without being physically present at the annual shareholder’s nagement ensures ownership interests are fully represented by encouraging shareholders who are unable to attend annual meetings to vote by proxy. A Proxy Statement is a packet of documents containing information necessary to make informed votes on issues facing the company.
How Does a Proxy Work?
While proxy voting is often an option, management encourages shareholders to vote in person. If the shareholder cannot attend, voting by proxy is another option. For a person to act as a proxy for an individual, formal documentation may be required that outlines the extent to which the proxy can speak on the individual’s behalf. A formal power of attorney document may be required to provide the permissions to complete certain actions. The shareholder signs a power of attorney and extends official authorization to the designated individual to vote on behalf of the stated shareholder at the annual meeting.
A proxy cannot vote if the shareholder arrives late and decides to vote for their own self.
Before the annual shareholder meeting, all shareholders receive a packet of information containing the Proxy Statement. The proxy documents provide shareholders with the information necessary to make informed votes on issues important to the company’s performance. A Proxy statement offers shareholders and prospective investors insight into a company’s governance and management operations. The proxy discloses important information on agenda items for the annual meeting, lists the qualifications of management and board members, serves as a ballot for elections to the board of directors, lists the largest shareholders of a company’s stock, and provides detailed information about executive compensation. There are also proposals from management and shareholders.
Proxy statements must be filed with regulatory authorities, such as the Securities and Exchange Commission (SEC) in the United States, on an annual basis before the company’s annual meeting.
When voting by proxy remotely, shareholders may be eligible to vote by mail, phone, or internet. Shareholders use the information in the proxy statements to aid in the decision-making process.
Anyone can look up a public company’s proxy statement via the SEC website under the name “DEF 14A. ”
Benefits of Proxy
Management ensures that ownership interests are fully represented by often encouraging shareholders that are unable to attend annual meetings to vote by proxy. Information presented during annual meetings often affects the future direction of the company, which can directly impact the value of a shareholder’s stake in the company.
Real World Example of a Proxy
Below is a portion of the proxy materials for the annual shareholders’ meeting of Corning Inc. in 2016.
The corporation’s assigned proxy is highlighted in blue showing that the shareholder’s vote can be cast by the noted in the bolded statement, if no choices are made, the nominated members of the board will be voted for by the proxy.
Example of Proxy for Corning Inc.
Below is the Proxy Card showing the specific board members that were to be voted on as well as some of the proposals by management. If the shareholder wanted to vote, the proxy card could be mailed to the corporation.
Example of Proxy Card from Corning Inc. 2016 Annual Shareholders’ Meeting.
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our
Corning Inc. “Annual Meeting Proxy Card, ” Page 1&2. Accessed Aug. 26, 2020.
Frequently Asked Questions about unproxy
What is proxy example?
Some proxy servers are a group of applications or servers that block common internet services. For example, an HTTP proxy intercepts web access, and an SMTP proxy intercepts email. A proxy server uses a network addressing scheme to present one organization-wide IP address to the internet.Nov 15, 2018
What’s a proxy define?
A proxy is an agent legally authorized to act on behalf of another party or a format that allows an investor to vote without being physically present at the meeting.
What is proxy and why it is used?
A proxy server is a system or router that provides a gateway between users and the internet. Therefore, it helps prevent cyber attackers from entering a private network. It is a server, referred to as an “intermediary” because it goes between end-users and the web pages they visit online.