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Investments glossary

Quorum


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Quotes of the day:

Reality is the crutch for people who can\'t cope with drugs.

— Lily Tomlin

A quorum refers to the minimum acceptable level of individuals with a vested interest in a company needed to make the proceedings of a meeting valid under the corporate charter. This clause or general agreement ensures there is sufficient representation present at meetings before any changes can be made by the board.

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