Quorum for board meetings (CNL s175)

Current

(1)

The quorum for a meeting of the board is 50% of the number of directors (or if that percentage of the number of directors is not a whole number, the whole number next higher than one half).

Note—

The co-operative may specify in the rules a greater percentage than 50% for a quorum.

(2)

For a quorum, the number of member directors must outnumber the non-member directors by at least one.

Note—

The co-operative may specify in the rules another number by which the number of member directors must outnumber the non-member directors.

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53 Quorum for board meetings (CNL s175)