What Is a Quorum ?

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.

A quorum normally consists of a group that is considered as large as possible to be depended 

on to attend all corporate meetings, which is a qualitative assessment.