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Home Company procedures Quorum
Quorum PDF Print E-mail

Unless otherwise provided in the articles, where an offshore company has more than one members and two or more members are present at a meeting of members, the members present shall be a quorum at the meeting. At the meeting a chairman can be elected by the members present. Every member shall have one vote and it is common to specify in the articles that a chairman shall have a casting vote. Unless otherwise provided in the articles, all shareholders vote as one class and each share has one vote. Action agreed to be taken by members in a meeting may also be agreed by a resolution of all consenting members in writing, or by telex, telegram, telefax, cable or other written electronic communication without the need for any notice.