Proxy Statement

Proxy Statement - A proxy statement is a document which the Stock Exchange Committee requires a company to send to their shareholders. This document provides facts concerning matters on which shareholders have to vote. It also shows how management is paid, It also shows potential conflict-of-interest issues. It also includes: information and voting procedures, background information about the nominated directors and the compensation they might get, information about the executive compensation and a breakdown of audit and non-audit fees, paid to the auditor. This statement has to be sent in advance of the shareholders annual meeting, according to the SEC.