DEFINITION of 'Quorum'

The minimum acceptable level of individuals with a vested interest in a company needed to make the proceedings of a meeting valid under the corporate charter.


This clause within a company's charter ensures that there is a sufficient representation of stockholders present at meetings before any changes can be made by the board.

  1. Board Of Directors - B Of D

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  2. Vested Interest

    1. The lawful right of an individual or entity to gain access ...
  3. Annual General Meeting - AGM

    A mandatory, public yearly gathering of a publicly traded company's ...
  4. Corporate Charter

    A written document filed with a U.S. state by the founders of ...
  5. Supermajority

    A corporate amendment in a company's charter requiring a large ...
  6. Employee Stock Option - ESO

    A stock option granted to specified employees of a company. ESOs ...
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