MegaValue Corporation requires a quorum of five directors. If Branson, a director, shows up at the meeting for a vote on his favorite topic (dividends) and withdraws thereafter, leaving only four directors, they, under the Revised Act, may continue to act on further business that day, because the quorum was present at the beginning of the meeting.

Question

Quizplus · Accepted Answer

Under the Revised Act, if a director leaves a meeting and the number of directors present falls below the required quorum, the remaining directors cannot continue to act on further business. A quorum must be present for any action to be taken.

MegaValue Corporation Requires a Quorum of Five Directors