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Proxy board information


A proxy board is a requirement imposed under a Proxy Agreement by the U.S. Department of Defense's Defense Security Service on foreign investors seeking to acquire certain American companies. This is for national security reasons and applies mainly to defense contractors which are involved in highly classified contracts. The Proxy Agreement is between the foreign company, the US subsidiary holding classified contracts and the DSS.

A proxy board is a board composed entirely of American citizens which are responsible for the day-to-day running of the business. In this way the company's classified information is "insulated" from foreign exploitation but the parent company still benefits from any profits made by its subsidiary.

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Proxy board

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A proxy board is a requirement imposed under a Proxy Agreement by the U.S. Department of Defense's Defense Security Service on foreign investors seeking...

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The Hudsucker Proxy

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The Hudsucker Proxy is a 1994 screwball comedy film co-written, produced, and directed by the Coen brothers. Sam Raimi co-wrote the script and served...

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Proxy fight

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A proxy fight, proxy contest or proxy battle is an unfriendly contest for control over an organization. The event usually occurs when a corporation's...

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Proxy voting

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Proxy voting is a form of voting whereby a member of a decision-making body may delegate their voting power to a representative, to enable a vote in absence...

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Proxy marriage

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A proxy wedding or proxy marriage is a wedding in which one or both of the individuals being united are not physically present, usually being represented...

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Trian Partners

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nominally lost the proxy vote. In August 2021, Peltz stepped down from the board. In January 2023, Peltz and Trian officially launched a proxy fight with Disney...

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Elbit Systems

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America (ESA). ESA operates under a special security agreement with a proxy board, allowing it to function independently and separately from its parent...

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Roy Brocksmith

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Journey Deputy James 1992 Nickel & Dime Sammy Thornton 1994 The Hudsucker Proxy Board Member 1994 Lightning Jack Junction City Tailor 1994 Almost Dead Kuranda...

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Board of directors

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allowing the board to vote for them. However, proxy votes are not a total delegation of the voting power, as the board must vote the proxy shares as directed...

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Proxy statement

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A proxy statement is a statement required of a firm when soliciting shareholder votes.: 10  This statement is filed in advance of the annual meeting....

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Nginx

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nginx) is a web server that can also be used as a reverse proxy, load balancer, mail proxy and HTTP cache. The software was created by Russian developer...

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Standing proxy

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ELECTRONIC MEANS, as the Board may [otherwise specify] DETERMINE for the purpose, a proxy or (if a corporation) an authorization and such proxy or authorization...

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Shareholder activism

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campaigns, but have also in some cases been able to acquire board seats with a formal proxy context. Shareholder activists are making their mark on mergers...

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Tracor

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Department. A condition of the purchase was that GEC must appoint a "proxy board". This is a mechanism where the company is run locally by American managers...

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Glass Lewis

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(Glass Lewis) is a major American proxy advisory services company. As of spring 2019, Glass Lewis controlled 28% of the proxy advisory market for mutual funds;...

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Institutional Shareholder Services

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investor Carl Icahn to the drugmaker Forest Laboratories’ board of directors in a 2012 proxy contest. In 2013 ISS agreed to pay the SEC a fine of $300...

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Apache Traffic Server

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Apache Traffic Server (ATS) is a modular, high-performance reverse proxy and forward proxy server, generally comparable to Nginx and Squid. It was created...

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Red Sea crisis

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crisis is linked to the Israel–Hamas war, the Iran–Israel proxy conflict, the Iran–United States proxy conflict, and the Yemeni crisis. The Houthi movement's...

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Psiphon

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such as a VPN, SSH, and a Web proxy. Psiphon is a centrally managed and geographically diverse network of thousands of proxy servers, using a performance-oriented...

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Blue Coat Systems

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generation of the ProxySG product family, which added security features for instant messaging. A review in eWeek said the new ProxySG line was effective...

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Staggered elections

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associated with lower firm value.: 10  When a board is staggered, hostile bidders must win more than one proxy fight at successive shareholder meetings in...

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Maud of Wales

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the Duke of Cambridge stood proxy; Prince Frederick William of Hesse-Kassel, for whom Prince Francis of Teck stood proxy; Count Gleichen; the Duchess...

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Cornwall Capital

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Corporation agreed to nominate Haft for election to its board of directors in order to resolve a potential proxy contest. American Pacific Corporation was sold...

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