Zero Sum Games Corporation has forty-three shareholders.The minimum number that must be present at a meeting for a shareholders' vote is

Question

Quizplus · Accepted Answer

A quorum is the minimum number of shareholders required to be present at a meeting in order for official business to be conducted. The exact number needed for a quorum may be stated in the corporation's bylaws, but generally it is a majority of the total number of shareholders. In this case, we do not know the exact number needed for a quorum, but it is certainly not all of the shareholders, which is not practical or necessary for most corporations. Similarly, a proxy is not relevant to determining the minimum number needed for a shareholders' vote. Three shareholders may not be enough to constitute a quorum, depending on the total number of shareholders.

Zero Sum Games Corporation Has Forty-Three Shareholders