A proxy statement is a document provided to stockholders during the process of soliciting shareholder votes. It serves as a means of communication from the corporation to its shareholders and typically includes information about the company's executive compensation plans. This important document allows shareholders to make informed decisions and exercise their voting rights. By carefully reviewing the proxy statement, shareholders can gain insight into the company's financial performance and the allocation of resources towards executive compensation. In essence, it serves as a crucial tool for shareholders to actively participate in the decision-making process of a corporation.
