US economic expansion through the emergence of multinational corporations after World War II (1939-1945) saw the establishment of the managerial class. Several Harvard Business School management professors studied and wrote about the new class: Myles Mace (entrepreneurship), Alfred D. Delegated voting is also used in the World Parliament Experiment, and in implementations of delegative democracy, which is also known as liquid democracy. When you can't be present at a shareholders meeting, you can create a Corporate Proxy allowing you to have another person represent you and vote on your behalf. You'll typically want to give a Corporate Proxy to another stockholder, and for a limited period of time. Your dated Corporate Proxy should include details like: the name of the corporation; the owner of the stock; who will be given authority to represent the stockholder (also called ?the proxy?); when the proxy's authority will take effect; whether you wish to direct your proxy how to vote on certain issues; and the issues on which the proxy's vote will be limited. Finally, make sure a witness is present for the signing, since this proxy is essentially a Special Power of Attorney. The bylaws of some boards don’t allow members to use proxies for regular or special board meetings, but the bylaws may allow members to use them at the annual meeting. Most boards require a quorum to conduct voting and proxies can be useful in establishing a quorum. In the absence of instructions from the Shareholder, the Proxy shall vote and act on all matters on the Shareholder's behalf in accordance with its best judgment, but the Proxy assumes no responsibility for any third party action taken against the Shareholder in connection with those actions. The Proxy will not be liable as a result of any error in law, mistake of judgment, or any other matter or thing done, suffered, or omitted to be done under this agreement, except for any claims relating to the Proxy's gross negligence or willful misconduct.