Quote:
Posted By JohnC46 on 01/10/2015 8:49 AM
Charles
I am not nor do I play a lawyer.
A Proxy can be used for many things including Quorum, but is can also be used to vote. General Proxy gives someone authority to vote for you on basically anything. A Directed Proxy tells them how to vote on specific items.
A single Proxy could be all 3 if worded properly. A Proxy could be for Quorum only if worded properly.
No to your question. If the Proxy is worded that it only counts toward Quorum then yes those that attend and vote at the meeting could be the ones controlling.
200 owners. 101 Proxys submitted for Quorum only so a Quorum is established. Only 20 actually attend the meeting and vote. 11 voted one way, they win. Thus 11 out of 200 controlled.
Hope this helps.
I stand corrected, just logged in after giving this question more thought, to add more or less what John has said "a proxy could be for quorum only, if worded properly". You beat me to it.