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.
References in periodicals archive ?
The meeting would therefore not be quorate and the matter will now be discussed at the next regular BHB board meeting.
Theatre on December 9, 2000, a meeting that was barely quorate.
The second AGM meeting shall be considered quorate and validly held by any number of Shareholders present.
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.
Without a representative of one of the BHB's shareholders, the meeting would not be quorate.