Proxy contest

Definition:

A battle for the control of a firm in which a dissident group seeks, from the firm's other shareholders, the right to vote those shareholders' shares in favor of the dissident group's slate of directors. Also called proxy fights.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Wind bond

Wind bond is a type of Catastrophic Bond. The bond's payout is linked to the losses incurred from natural wind-related catastrophes such as hurricane, typoon, or monsoon.

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