Asked by Janysh Kudaibergenov on Jul 05, 2024
Verified
Generally,a quorum of shareholders exists when shareholders representing more than ________ percent of the outstanding shares are present at a shareholder meeting.
A) 80
B) 70
C) 60
D) 50
E) 25
Quorum
The minimum number of members of a deliberative assembly necessary to conduct the business of that group.
Shareholders
Individuals or entities that own shares in a corporation, granting them certain rights in the company, like voting on corporate matters.
Outstanding Shares
The total shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.
- Understand the principles behind quorum requirements for director meetings.
Verified Answer
Learning Objectives
- Understand the principles behind quorum requirements for director meetings.
Related questions
A Quorum of Shares Must Be Present at the Shareholders ...
Shareholder Meetings Require A(n) ________, Generally the Presence of the ...
The Purpose of a Meeting Determines the Number of Participants
It's Important to Guide the Discussion for Agenda Items
Identify One of the Seven Simple Rules That Should Be ...