proxy fight
noun[C]
ukus(alsoproxy battle,proxy contest)FINANCE
asituationin which agroupofinvestorsthatwantsto takecontrolof acompanytriestopersuadeshareholdersof thatcompanytovoteatshareholders'meetingsin a way thathelpstheinvestorsachievewhat theywant:
Threedirectorsfoughttheirway onto theboardlastyearin aproxyfight,chargingthat thefirmwaspoorlyrunandneedednewmanagement.
launch/wage/mount a proxy fightInvestors havethreatenedtowageaproxyfighttoreplacethecurrentboardofdirectors.