Quorum Definition For 5 Member Board
A board meeting that starts with a quorum of members may lose the quorum when one or more members leave the meeting before it is adjourned.
Quorum definition for 5 member board. Vote on the number required for a quorum so that you can place it in the by laws. A quorum is the smallest number of board members necessary to legally conduct the business of your hoa. Alan jennings prp prp. A quorum of the board is the required minimum number of directors who must be present before the board may conduct business.
For example a board with 16 members and a 40 percent quorum requirement means that a meeting can be held when seven members are present. In this case you may overrule your majority quorum in favor of a three person quorum. Robert s rules 11th ed pp. 347 unless the articles of incorporation or bylaws state.
21 345 in the absence of a quorum any business transacted except for the procedural actions noted in the next paragraph is null and void robert s rules p. According to robert s rules a quorum is the minimum number of voting members who must be present at a properly called meeting in order to conduct business in the name of the group. If your number of board members is flexible or changes frequently consider using a percentage of board members present rather than a set number. It should be defined in your hoa s bylaws.
If for example a company has ten board members a quorum could be a simple majority of six board members rather than 51 of every shareholder in the company. Progress and forward movement of an organization show positive signs of growth but they can also signal a second look at the quorum quotient section in the bylaws. Then if the bylaws require a simple majority of a quorum to carry a vote four members a majority of the seven in attendance can determine the fate of an issue. Members of the board should take note of red flags that indicate that it s time for a change in the bylaws regarding the stated quorum.
In this situation the board may continue to discuss business and even approve proposed action for the corporation as long as the number of members remaining to vote is equal to the minimum number of members required to approve action with a quorum present.