Quorum is the minimum number of voting members (such as directors at a board meeting or shareholders at a stockholder meeting) that must be present to validly conduct business and take official action. In corporate governance, Quorum requirements are set by statute and bylaws/charter, and Quorum rules matter in financings and M&A when approvals must be obtained on tight timelines.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
