Quorum (Governance)
| A quorum is the minimum number of members required for the proceedings of a meeting to be considered valid. In order for a quorum to be reached, a majority of the members must be present. The quorum is typically set by the organization's governing body. If a quorum is not reached, the meeting cannot take place and any decisions made would be considered invalid. This can be problematic, especially in situations where time is of the essence. For example, if a quorum is not reached at a shareholders' meeting, important decisions regarding the company cannot be made. Reaching a quorum is often difficult, especially for large organizations. This is why it is important for the quorum to be set at a reasonable number. If the quorum is set too high, it becomes difficult to reach and can lead to stagnation. On the other hand, if the quorum is set too low, it becomes easy to reach but can lead to decisions being made without the input of all the members. The quorum is an important part of any organization and should be set at a number that is achievable but still allows for all members to have a say in the decisions made. |
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