WHAT IS QUORUM?

WHAT IS QUORUM?

September 12, 2018

Quorum is the minimum number of members necessary to be present at a meeting, to conduct the affairs of a particular group of people. For a board of directors to transact their business, unless the articles of association otherwise provide, the quorum necessary for the transaction of the business of directors shall be two where there are not more than six directors, but where there are more than six directors, the quorum shall be one third of the number of directors, and where the number of directors is not a multiple of three, then the quorum shall be one third to the nearest number.

Where the board is unable to act because a quorum cannot be formed, the general meeting may act in place of the board and where a committee is unable to act because a quorum cannot be formed, the board may act in place of the committee.

Reference- s. 244, 247, 248, 249, 250 CAMA

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