Quorum Definition Business Dictionary

The smallest number of people needed to be present at a meeting before it can officially begin.

Quorum definition business dictionary. The cambridge dictionary has the following definition of quorum. Fixed minimum number of eligible members or stockholders shareholders who must be present physically or by proxy at a meeting before any official business may be transacted or a decision taken therein becomes legally binding. In business a quorum is a minimum number of eligible shareholders or stockholders who must be present. By proxy means that a representative is at the meeting or assembly on a member s behalf.

Meaning pronunciation translations and examples. Quorum in business. A quorum is the minimum number of people that a committee needs in order to carry out its. Quorum synonyms quorum pronunciation quorum translation english dictionary definition of quorum.

Usually the articles of association or bylaws of a firm specify this number otherwise the number.