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A quorum is not set on the total number of votes, but on the number of votes a particular option (besides the status quo) must receive before it is considered. For example, in a yes/no vote, the quorum may say that at least 40 yes votes are required, along with yes having a majority of votes, for the vote to pass.
A quorum refers to the minimum number of shareholders. (if a shareholders meeting) that must be represented at a meeting in. order to conduct business at the meeting. If it is used with respect to. a directorâs meeting, it refers to the number of directors that must. be present at the meeting in order to conduct business. A quorum usually means a majority (more than 50%). However, the. articles of incorporation or bylaws of a corporation can increase or. decrease quorum requirements for certain types of action. For example, the bylaws could say that only 1/3 of the directors are needed to constitute a quorum for purposes of taking a certain type of action. If less than 1/3 show up at the meeting, they cannot officially vote or take corporate actions because they did not have a quorum.