Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of quorum

Definition of

quorum

Corporate Governance

minimum number of attendees required for decision-making the minimum number of people required in a meeting for it to be able to make decisions that are binding on the organization. For a company, this number is stated in its bylaws; for a partnership, in its partnership agreement.

Definitions of ’quorum’ and meaning of ’quorum’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’quorum’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top