What is a shareholder quorum?
A) It is the minimum number of shareholders needed to have a valid vote.
B) It is a method whereby a shareholder elects a representative, commonly another individual or a written document, through which the shareholder casts his vote at the annual meeting.
C) It is an agreement made in advance among shareholders to vote in a particular manner.
D) It is the rights of shareholders to protect dilution of their percentage of share ownership.
E) It is a lawsuit brought on behalf of the corporation by a shareholder when the directors refuse to act.

Question

Quizplus · Accepted Answer

Shareholder quorum refers to the minimum number of shareholders who must be present, either in person or through proxy, at a meeting in order for the meeting to be valid and for any votes to be counted. The specific quorum requirement is usually set out in the company's bylaws or articles of incorporation.

What Is a Shareholder Quorum