Assume that 12,000 shares are represented at a shareholder meeting and a quorum exists.How many votes are normally necessary to carry a motion?
A) 4,001
B) 8,001
C) 6,001
D) 10,000

Question

Quizplus · Accepted Answer

The quorum is the minimum number of shares required to be present or represented at a shareholder meeting for the meeting to be valid. The exact quorum requirement may vary depending on the company's bylaws or applicable laws, but let's assume that in this case, the quorum is set at 50% of the outstanding shares, or 6,000 shares.

Once the quorum is met, a motion can be passed if it receives a majority of the votes cast. In this case, as there are 12,000 shares represented, a majority would be 6,001 votes (half of the shares plus one). Therefore, the correct answer is C) 6,001.

Assume That 12,000 Shares Are Represented at a Shareholder Meeting