So, in case you are asking yourself what is a proxy statement, it is similar to data that helps the shareholders with their voting process. The main purpose of proxy statements is to provide information about issues that are going to be voted on by the shareholders at an annual or a special meeting of a company. Issues can range from board nominees to executive compensation and shareholder proposals. Investors are recommended to read these before voting on any issue. Proxy statements are particularly helpful for shareholders who cannot make it to a meeting.