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 ?
All statements in this report, other than statements of historical fact, which address events or developments concerning Quorum Information Technologies Inc.
Due to the issue of quorum, the House could not hold the Question Hour and a number of bills on the agenda could not be tabled for discussion.
Innovative companies like Quorum know that Newfoundland and Labrador is a gateway to global markets.
The combination of Archeio and Quorum will increase the efficiency of workflows across the company's upstream solutions.
Quorum serves a diverse set of over 525 customers with the top 10 representing 13% of total recurring revenue.
As Minister for Health Dr Yasmin Rashid was about to open general discussion on health, PML-N lawmaker Tahir Pervaiz pointed to quorum. As quorum remained incomplete after ringing bells first for five minutes and then after the break of 40 minutes, the chair adjourned the session.
However, when the speaker started the question answer session, a Pakistan Tehreek-e-Insaf (PTI) member stood up and drew the speaker's attention to the quorum. 'There are not sufficient members to run the session,' he said.
The Assembly met for 40 minutes; however, the sitting remained suspended for 21 minutes due to lack of quorum.
Soon after a recitation from the Holy Quran, and Naat-e-Rasool Maqbool SAW, Agha Hassan of the Balochistan National Party (Mengal) pointed out lack of quorum.
Private equity investment firm Thoma Bravo, LLC has announced that it has finalized the acquisition of digital transformation software provider to the oil and gas industry Quorum Software, the company said.
'We will ensure that the quorum will be maintained by the government,' Khalid said.