According to Bonchon, what constitutes a quorum for a meeting?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
The presence, in person or by written proxy, of members entitled to cast at least a majority of the votes which all members are entitled to cast shall constitute a quorum. A quorum once having been constituted for a meeting, whether monthly, annual, special, shall be deemed to continue until such meeting is adjourned. In the absence of a quorum, any officer entitled to preside at or to act as secretary of the meeting may adjourn the meeting until a quorum is present. At any adjourned meeting at which a quorum is present, any action may be taken which might have been taken at the meeting as originally called.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, a quorum is established when members entitled to cast at least a majority of the total votes are present, either in person or through a written proxy. Once a quorum is established for any meeting, be it monthly, annual, or special, it remains in effect until the meeting is adjourned.
If a quorum is not present, an officer authorized to preside over or act as the secretary of the meeting has the authority to adjourn the meeting until a quorum can be achieved. Any actions that could have been taken at the originally scheduled meeting can be enacted at the adjourned meeting, provided a quorum is present.
This ensures that decisions made at Bonchon meetings are representative of the membership as a whole and prevents a small group from making decisions without sufficient participation. Franchisees should understand the importance of attending meetings or submitting proxies to ensure their vote is counted and that a quorum is achieved for important business decisions.