Commentary-9

In contrast to the rule in some jurisdictions that equity holders, such as shareholders and cooperative members, cannot be represented by proxy, the Model Law embraces the contemporary practice of allowing proxy representation and voting. Delegation of voting rights is already common in DAOs operating today. For example, in the case of compound.finance, any COMP holder may delegate their voting rights to another Public Address.[^41] Many compound.finance votes have been delegated to high profile ecosystem members.[^42]