Ace Corporation requires a quorum of five directors.If Richard, a director, shows up at the meeting for a vote on his favorite topic (dividends) and withdraws thereafter, leaving only four directors, they may not act on any further business.

Question

Quizplus · Accepted Answer

This statement is true. Ace Corporation requires a quorum of five directors, which means a minimum number of directors needed to conduct business. If Richard leaves after voting on the dividend topic, there will not be a quorum of five directors left for further business.

Ace Corporation Requires a Quorum of Five Directors