Director Meetings
What percent of directors will constitute a quorum?
Frequently Asked Questions
What is a quorum?A quorum is the minimum number of participants required in order to hold a meeting and transact business.What is remote communication?Remote communication means participating in a meeting by means of phone or video conferencing. If permitted, directors connecting remotely are counted as attending the meeting. This option is typically allowed for directors.What is reasonable notice?This is open to interpretation and it depends on the established business practices within the company. The advantage is it is flexible and this is the notice provision suggested by the replaceable rules in the Corporation Act 2001. If you would prefer something more definite choose one of the other options.