What is voting by proxy?

Voting by proxy is a way to designate someone else to cast your vote in an election. OTW is required to allow proxy-voting by Delaware law, which specifies: “A stockholder may authorize another person or persons to act for such stockholder as proxy by transmitting or authorizing the transmission of [an] electronic transmission to the person who will be the holder of the proxy.” In corporate elections, a proxy is usually used when a voting member/shareholder can’t attend a meeting in person. Extended, electronic ballots such as those used by the OTW should make proxy voting unnecessary in most cases.