Quorum
A quorum is the minimum number of attendees required for the validity of a meeting or decision-making.
In Dutch law, particularly in the field of company law and in relation to associations, the term "quorum" refers to the minimum number of members, shareholders or directors who must be present or represented in order for a meeting to be duly constituted and capable of adopting binding resolutions.
The quorum serves to ensure the legitimacy and representativeness of the decision-making process and to prevent resolutions from being adopted by an insufficiently representative or unduly small group. Resolutions adopted in the absence of the required quorum are generally null and void or voidable.
In practice, the quorum is prescribed by the articles of association or by-laws and may vary according to the type of meeting, for instance a majority of the voting capital or a specified percentage of the members.
“As the quorum had not been reached, the shareholders' meeting was unable to adopt any valid resolutions and was adjourned.”
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