AFM121 Chapter 11: Chapter 11
16 Jun 2018
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Chapter 11:
Financing and Listing Securities, Types of business ownership
Proxy: Represents a power of attorney that allows another party to vote on
behalf of the shareholder.
Proxy Fights: Occur when challengers attempt to solicit proxies before a meeting.
Voting Trust: Involves having shareholders deposit their shares with a trustee to
transfer voting control to a few individuals under the terms of a voting trust
agreement.
Bought Deals: The issuer sells the entire issue to one investment dealer or to a
group that attempt to resell it and accepts all of the price risk. Generally, the
dealer has pre-marketed the issue to a few large institutional investors.
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Document Summary
Financing and listing securities, types of business ownership. Proxy: represents a power of attorney that allows another party to vote on behalf of the shareholder. Proxy fights: occur when challengers attempt to solicit proxies before a meeting. Voting trust: involves having shareholders deposit their shares with a trustee to transfer voting control to a few individuals under the terms of a voting trust agreement. Bought deals: the issuer sells the entire issue to one investment dealer or to a group that attempt to resell it and accepts all of the price risk.
