NAICS Code 523991-10 - Proxy Solicitors

Marketing Level - NAICS 8-Digit

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Contact Emails: 36
Company Websites: 1
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Business Addresses: 2
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NAICS CODE 523991-10
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Looking for more companies? See NAICS 523991 - Trust, Fiduciary, and Custody Activities - 2,385 companies, 16,320 emails.

NAICS Code 523991-10 Description (8-Digit)

Proxy solicitors are companies that specialize in soliciting votes from shareholders on behalf of a company's management or a dissident group during a proxy contest. They provide services such as vote tabulation, proxy distribution, and vote solicitation. Proxy solicitors work closely with the company's management or the dissident group to develop a strategy to win the proxy contest. They also provide advice on regulatory compliance and corporate governance issues related to the proxy contest.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 523991 page

Tools

Tools commonly used in the Proxy Solicitors industry for day-to-day tasks and operations.

  • Proxy solicitation software
  • Shareholder identification tools
  • Voter analytics software
  • Electronic voting platforms
  • Communication tools (e.g. email, phone, social media)
  • Data management software
  • Compliance tracking software
  • Proxy statement drafting software
  • Vote tabulation software
  • Reporting and analytics tools

Industry Examples of Proxy Solicitors

Common products and services typical of NAICS Code 523991-10, illustrating the main business activities and contributions to the market.

  • Proxy contest consulting
  • Shareholder vote solicitation
  • Proxy distribution services
  • Vote tabulation services
  • Proxy statement drafting
  • Regulatory compliance consulting
  • Corporate governance consulting
  • Electronic voting platform provider
  • Shareholder identification services
  • Voter analytics provider

History

A concise historical narrative of NAICS Code 523991-10 covering global milestones and recent developments within the United States.

  • The "Proxy Solicitors" industry has been around for over a century, with the first recorded proxy solicitation taking place in 1903. The industry has since grown and evolved, with notable advancements including the introduction of electronic proxy voting in the 1990s and the increased use of social media in proxy solicitations in the 2010s. In recent years, the industry has faced increased scrutiny and regulation, particularly in the wake of high-profile corporate governance scandals such as the Enron scandal in the early 2000s. In the United States, the Securities and Exchange Commission (SEC) has taken steps to increase transparency and accountability in the proxy solicitation process, including requiring proxy advisors to disclose potential conflicts of interest and providing shareholders with more information about the voting process.