How many people do you need to meet a quorum at an AGM?
Quick Answer
The number of people needed to meet a quorum at an AGM varies depending on the organization, but a good guide is to ensure that at least half the members are present. The purpose of a quorum is to make sure that there is a consensus among members for the future of the organization. The minimum number of members needed for a quorum is typically stated in an organization's constitution.
Continue Reading
Full Answer
Although the quorum for an Annual General Meeting (AGM) should be high enough to ensure that a few members cannot take full control, the minimum number of members needed should be a reasonable figure so that voting on important issues can take place.
AGMs are usually held on an annual basis and are designed to check recent progress of the organization, select a committee for the following year and make any necessary changes to the constitution. The AGM is a time to include members in the decision making progress, as many of them may have little direct involvement in the ongoing operations of the organization. Any registered member who attends an AGM typically has voting rights on particular matters, such as electing a new president, and in some cases proxy votes can be cast for members who are unable to make it to the AGM.
Learn more about Managing a BusinessRelated Questions
-
Q:
What is administrative management?
A: Administrative management refers to a process within an organization whereby information is stored, analyzed and distributed among its members to ensure sm... Full Answer >Filed Under: -
Q:
What is bureaucratic management?
A: Bureaucratic management is a theory set forth by Max Weber, a German sociologist and political economist whose theory contained two essential elements, inc... Full Answer >Filed Under: -
Q:
What are some of the items on the Sarbanes-Oxley compliance checklist?
A: Some items on the Sarbanes-Oxley compliance checklist are questions that ask if an organization's board members are familiar with the purpose and structure... Full Answer >Filed Under: -
Q:
What are some features of the GanttProject Management app?
A: Features of the GanttProject productivity and project management app include the ability to create custom workflow and project requirement charts, assign p... Full Answer >Filed Under:
