proxy fight

American  

noun

1. a contest between factions of stockholders in a company, in which each group attempts to gain control by soliciting signed proxy statements for sufficient votes.

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Example Sentences

Mestrovic wouldn’t say whether he planned to launch a proxy fight to unseat directors.

From The Wall Street Journal

In February, Starboard launched a proxy fight, resulting in the appointment of the firm’s Chief Executive Officer Jeff Smith to Kenvue’s board.

From The Wall Street Journal

Activist investor Starboard Value had launched a proxy fight at Kenvue earlier this year, arguing the company needed to fix its marketing strategy around its beauty brands and make other changes to boost shares.

From The Wall Street Journal

Achieving profitability in Disney’s streaming business has been a top priority for Iger, who earlier this year held off activist investor Nelson Peltz in a proxy fight.

From Los Angeles Times

Instead, the Israeli prime minister delivered a fiery defence of Israel’s military campaign, framing it as a proxy fight against Iran that must be won at all costs.

From BBC