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A proxy is a person who is appointed by another to represent and act for him, usually in the voting of his stock. The written document appointing the proxy person is also called a proxy. Proxies are most common in larger corporations but can be useful in a smaller company as a control device if a shareholder or group of shareholders can get a proxy to vote in certain ways from other shareholders. This gives the person holding the proxy more voting power. However, the person with the proxy is required to vote as agreed with the other person for whom he/she has the proxy.