What do you understand by Quorum?
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Quorum Definition: The minimum number of voting members that must be in attendance at a meeting of an organization for that meeting to be regularly constituted. A quorum is the number or proportion of the members of an organization that must be present in order to transact any business....
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- A quorum is a minimum level of interest or attendance required before an official meeting or action can take place. Companies often stipulate the quorum required among shareholders to make decisions, spelled out in the corporate charter.
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