Quorum

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Quorum

The minimum number of people who must be present or must provide a proxy to vote at a meeting in order to make a valid decision.

Quorum

The minimum number of shareholders or board members that must be present at a meeting in order to make binding decisions for a company. Especially in the case of shareholders, the quorum may not be a number of persons, but a percentage of equity in the company represented by the owners who are present. The quorum is defined in the corporate charter. See also: Annual shareholders meeting.

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References in periodicals archive ?

If they are to summon the numbers to be quorate today, they will have to get a few exhumed from the graveyard overnight.

Cheltenham: Ireland's first lady of jumping takes a bow as layers take a pounding; Alastair Down sees Moscow Flyer soothe Jessica Harrington's nerves and do his bit to leave the bookmakers in the gravest of difficulties

The meeting would therefore not be quorate and the matter will now be discussed at the next regular BHB board meeting.

Racing: BHB boss Savill won't face vote on his future

Theatre on December 9, 2000, a meeting that was barely quorate.

Council ignores democratic voice

The second AGM meeting shall be considered quorate and validly held by any number of Shareholders present.

United Arab Emirates : Invitation to the Annual General Assembly & Extra-ordinary General Assembly Meeting

And the entire council could be prevented from debating opencast-related matters - because the two remaining members are not enough to make meetings legally quorate.

Mine debate gag on councillors

Without a representative of one of the BHB's shareholders, the meeting would not be quorate.

Racing in the Dock: 'No confidence' motion in Savill cannot be put for four weeks

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