Asked by Santiago alzate on Jun 04, 2024
Verified
Shareholder meetings require a(n) ________, generally the presence of the shareholders holding more than 50 percent of the outstanding shares.
A) proxy
B) quantity
C) majority
D) quorum
E) ante
Quorum
The minimum number of members that must be present at a meeting to make the proceedings of that meeting valid.
Shareholder Meetings
Gatherings of a corporation's shareholders, held to discuss company affairs, make decisions, and vote on corporate governance matters.
Outstanding Shares
The total number of shares of a corporation's stock that are currently owned by all its shareholders, including shares held by institutional investors and restricted shares owned by the company’s officers and insiders.
- Identify the criteria for conducting a legitimate corporate board meeting and understand the principle of a quorum.
Verified Answer
Learning Objectives
- Identify the criteria for conducting a legitimate corporate board meeting and understand the principle of a quorum.
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