Define: Quorum

Business, Legal & Accounting Glossary

Definition: Quorum


Quick Summary of Quorum


The minimum attendance required to conduct business at a meeting. Usually, a quorum is achieved if a majority of directors are present (for directors meetings) or outstanding shares are represented (for shareholder meetings). The percentage needed for a quorum may be modified in the bylaws.



What is the dictionary definition of Quorum?

Dictionary Definition


  1. The minimum number of members required for a group to officially conduct business and to cast votes, often but not necessarily a majority or supermajority.
  2. A selected body of persons.

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Full Definition of Quorum


The fixed minimum number of eligible members or stockholders who must be present (physically or by proxy) at a meeting before any official business may be transacted or a decision taken therein becomes legally binding. Usually, the articles of association or bylaws of a firm specify this number, otherwise, the number prescribed in corporate legislation (such as company law) is followed.

In law, a quorum is the minimum number of members of a decision-making group necessary to conduct the business of that group. Legislative chambers, international organizations, and corporate boards of directors all generally make decisions only when they have quorum. Quorum is generally defined for any deliberative group within that group’s charter. The most common quorum is a simple majority. In the absence of quorum, a group will be unable to vote on any actions that require its decision. For instance, quorum is defined for both the Senate and the House of Representatives in the US Constitution. The walking out of a meeting or failing to show for it at all by a subgroup is an effective way of blocking action. Such a measure is known as breaking quorum.


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Synonyms For Quorum


convention, assembly, meeting, congregation, board


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Quorum. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 05, 2020 https://payrollheaven.com/define/quorum/.
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Quorum. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/quorum/ (accessed: April 05, 2020).
American Psychological Association (APA):
Quorum. PayrollHeaven.com. Retrieved April 05, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/quorum/

Definition Sources


Definitions for Quorum are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 25th March, 2020