If you do not have a sufficient amount of board members present at your meeting, the meeting can’t legally be conducted. This article will provide you with some tips on how to ensure that your board meetings are https://hurleycountrystore.biz/streamlining-business-needs-the-role-of-vdrs-in-data-management/ held with a quorum so that you can take decisions legally.
Quorum makes sure that, even although perfect attendance isn’t common at board meetings, the decisions made accurately reflect the opinions and opinions of all those involved. It prevents the negative effects of minority rule, where a small group of directors can exert a disproportionate influence and take unilateral actions that don’t fully benefit an organization or its stakeholders.
Most organizations have quorum rules stipulated in their bylaws. The rules may differ, but often include an amount of directors from the board who must be present to allow a quorum to exist. Certain bylaws also allow for exceptions to be made for certain types of meetings, or under certain circumstances.
When selecting a percent of quorum for your board, you should consider factors like the size of your board and the difficulty of bringing all members together simultaneously. It’s important to balance flexibility and legitimacy when setting the quorum requirements, since it’s unlikely that every member will be present at every meeting.
If the quorum isn’t met at the beginning of a board meeting, the chair should wait a couple of minutes to check if there are more members present to meet the minimum number required. If it is evident that the quorum won’t be attained, the chair should declare that a majority of the board members are not present, and that no official business will be conducted during the meeting.
