What is PROXY CONTEST?

A take over method where an investor presuades the board to vote against the director and create a new board in their favor. This takes a long time and can be prevented or slowed down. AKA proxy fight.

More On This Topic



Link to This Definition
Did you find this definition of PROXY CONTEST helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary