Proxy

Meaning:

A proxy refers to an intermediary or representative authorized to act on behalf of another entity or individual. In various contexts, proxies serve to delegate authority or enable access to resources, often when direct involvement is impractical or undesirable. In the digital realm, a proxy server acts as an intermediary between a user's device and the internet, facilitating indirect connections and enhancing privacy, security, or access control. By routing traffic through the proxy, users can mask their IP addresses, bypass geographical restrictions, or filter content according to predefined rules, making proxies invaluable tools for ensuring anonymity and managing network traffic efficiently.

Additionally, proxies play a significant role in corporate governance, where shareholders often appoint proxies to vote on their behalf at shareholder meetings. These proxies, typically individuals or institutions, exercise voting rights according to the shareholder's instructions, representing their interests in matters such as electing board members or approving corporate resolutions. By delegating voting authority, shareholders can participate in decision-making processes without physically attending meetings, streamlining corporate governance and ensuring that their interests are represented effectively, even when they cannot be present themselves.