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Quorum
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Quorum
Practical Law ANZ Glossary w-003-9605
(Approx. 2 pages)
Glossary
Quorum
The number of people required to conduct valid business at a meeting. If there are insufficient people the meeting is said to be inquorate and resolutions passed at the meeting will be invalid. Both general meetings of shareholders and board meetings require a quorum. For more information, see
Practice notes
,
General meetings: quorum requirements for a general meeting
and
Board meetings: quorum requirements for board meetings
.