Asked by alonna michaux on Jun 06, 2024
Verified
A quorum of shares must be present at the shareholders' meeting, either in person or by proxy, to make effective decisions.
Quorum
The smallest number of participants needed in a meeting to validate its proceedings.
Shareholders' Meeting
An official gathering of the shareholders of a company to discuss the company's affairs, make decisions, and vote on corporate issues.
- Acknowledge the juridical prerequisites and methodologies for contracts among stockholders, balloting, and gatherings.
- Acquire knowledge about the criticality of meeting the quorum prerequisites for board and shareholder assemblies.
Verified Answer
SB
Shantel BrownJun 11, 2024
Final Answer :
True
Explanation :
A quorum is the minimum number of shares that must be represented at a shareholders' meeting to legally conduct business and make decisions, either through attendance in person or by proxy.
Learning Objectives
- Acknowledge the juridical prerequisites and methodologies for contracts among stockholders, balloting, and gatherings.
- Acquire knowledge about the criticality of meeting the quorum prerequisites for board and shareholder assemblies.
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