Number of members of a council, chamber, meeting, or deliberative body required to be present for the decisions taken to be valid. For the convening of the general shareholders’ meeting of a Spanish public limited company, the minimum quorum in the first call is 25% of the shares with voting rights, while in the second call there is no minimum. These percentages change when a reinforced quorum is required, which is mandatory when certain issues such as capital increases or decreases are being discussed.
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