Assuming there are no provisions in the corporation's articles of incorporation or bylaws regarding quorum requirements,if there are 13 total directors of General Gonzo Corporation and the minimum number of directors are present to transact business,how many votes normally would be necessary for those present to act as a board?
A) 7
B) 4
C) 6
D) 11

Question

Quizplus · Accepted Answer

The minimum number of directors required to transact business is not specified, so it is assumed to be a simple majority of the total number of directors. In this case, a simple majority would be (13/2) + 1 = 7. Therefore, the minimum number of votes necessary for those present to act as a board would also be 7. However, if only the minimum number of directors (7) were present, then all 7 would have to vote in favor of the motion in order for it to pass as there is no provision that would suggest a different voting requirement. Therefore, the correct answer is B (4 votes would be necessary if only the minimum number of directors is present).

Assuming There Are No Provisions in the Corporation's Articles of Incorporation