Irrevocable Proxy - Definition, Criteria and Example, How It Works

An irrevocable proxy is an enforceable power granted by the owner to another party to exercise his voting rights independently, without requiring his consent each time. Typically, most proxies are revocable, but some agreements may include specific clauses that require the proxy to be irrevocable for a specified period.

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Proxy Definition, How It Works, Statements, Benefits, and Example