Quorum

What Does Quorum Mean?
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.

Investopedia explains Quorum
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.

Related Terms

Annual General Meeting
Board Of Directors - B Of D
Corporate Charter
Supermajority
Vested Interest
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