The powers of attorney that transfers to a third party the shareholders right to vote is called?

The powers of attorney that transfer to a third party the shareholder's right to vote is called a "proxy." This means that a shareholder who cannot attend a meeting in person can appoint someone else to represent them and vote on their behalf. The person appointed as a proxy can be a friend, a relative, or even a professional adviser. The use of a proxy helps to ensure that all shareholders have a voice in important decisions that affect the company, even if they are unable to attend the meeting in person. The proxy must be authorized by the shareholder, and the shareholder can revoke the proxy at any time.