What is a Quorum?

A quorum is the minimum number of directors required to conduct a board meeting. Usually is a quorum is a majority.

How Does a Quorum Work?

Let's assume Company XYZ has 10 board members. Its bylaws state that at least six board members must attend each board meeting for the board to conduct business.

A vacancy on the board does not change the number of directors needed for quorum.

Why Does a Quorum Matter?

In order to conduct business, a board must have a quorum. This ensures the shareholders' interests are adequately represented.

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Paul Tracy
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 3 million monthly readers.

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