Proxy contests are generally fought for control of a corporation. The rules governing this form of corporate combat seek to provide shareholders with adequate information about the rival forces for control so that they can intelligently choose between them. The information furnished in proxy materials and discussions at annual meetings have traditionally been devoted almost entirely to subjects such as finance, production, acquisitions, and the like.
Donald E. Schwartz,
The Public-Interest Proxy Contest: Reflections on Campaign GM,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol69/iss3/3