Section A

At a general meeting of a company, what right does a proxy have?

Answer options:

To attend and listen, but not to speak or vote.

To vote only on a poll, not on a show of hands.

To attend, speak, and vote on behalf of the shareholder who appointed them.

To veto any special resolution.

How to approach this question

Identify the statutory rights of a proxy at a company meeting.

Full Answer

C.To attend, speak, and vote on behalf of the shareholder who appointed them.✓ Correct

Under the Companies Act 2006, a proxy appointed by a member has the right to attend, speak, and vote (both on a show of hands and on a poll) at a general meeting.

Common mistakes

Thinking proxies can only vote on a poll, which was the old rule before the CA 2006.

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Practice the full ACCA LW — Corporate and Business Law Practice Exam 5

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