Quorum for a Company’s Shareholders Meeting

Quorum Required for a Meeting of Company’s Shareholders. According to the Civil and Commercial Code, a shareholder can appoint any person to be his/her proxy to attend the Shareholders’ Meeting and vote on his/her behalf.

Keywords: Thailand, Legal, Shareholders’ Meeting, Quorum

The law does not stipulate that all shareholders cannot appoint only one person to be their proxies. However, The Department of Business Development ruled that the quorum required for a meeting is at least 2 persons present in person.

Therefore at least two persons must be appointed by proxy to hold the meeting.