In a company with a share capital:
i) What is the members right to appoint a proxy
ii) What are the rights of the proxy so appointed?
ANSWER
i) Members right to appoint a proxy
• At common law a shareholder is entitled to attend a general meeting of a company in person or proxy.
• Under the Companies Act a member of a company entitled to attend and vote at a meeting of the company is entitled to appoint another person whether a member or not as his proxy to attend and vote instead of him.
• The appointment is effected completion and submission to the company of the proxy form.
ii) To attend the general meeting instead of the member.
• To join other members and/or proxies to demand voting poll.
• To vote poll.
• To speak at the meeting in the case of a private company meeting.