Corporate decision-making Flashcards
1
Q
Quorum
A
The minimum number of persons required to be present in a meeting in order that business may be conducted
2
Q
The quorum prescribed by MA can be changed by…
A
Ordinary resolution
3
Q
All directors’ resolutions are passed by…
A
A simple majority of votes in favour of the resolution
4
Q
A board resolution is effective and valid when…
A
All directors entitled to receive a notice of a directors’ meeting sign a resolution set out in writing
5
Q
How can the issue of Ar 14 precluding an interested director from voting be solved?
A
By obtaining an ordinary resolution from members under Art 14(4) to suspend or relax Art 14
