proxy (noun, pro-xy, /ˈprɑːksi/) solicitation (noun, so-lic-i-ta-tion, /səˌlɪsɪˈteɪʃən/)
Definition: is an attempt, a process of obtaining other shareholders’ or business partners’ agreement for making decisions and proposals implemented by a certain group of organization members. The majority of proxy solicitations oftentimes involve proxy statements, which include the materials that define and signify all of the appropriate facts about the issues and the matters that shareholders are supposed to be voting on. Those materials are supposed to help the members of a company or organization to make informed, measured decision.
In a Sentence:
- They sent me a proxy segment last week. I guess this is a part of the current proxy solicitation process.
- If you want your business plan for the next year to be approved, you ought to try to implement proxy solicitation. The more votes your project gets, the better.
- The proxy solicitation will be useless if we don’t offer a complete and clear report on the matter.
Synonyms and related terms: shareholders, proxy statement, organizational ballot, proxy vote, appeal
