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CCO » Topics » Q: What constitutes a quorum?

This excerpt taken from the CCO DEF 14A filed Apr 7, 2008.

Q: What constitutes a quorum?

 

A: The holders of a majority of the total voting power of the Company’s Class A and Class B common stock entitled to vote and represented in person or by proxy will constitute a quorum at the annual meeting. Broker non-votes (as further described below) and abstentions are both counted toward a quorum.

Under NYSE rules, the proposal to elect directors is considered a “routine matter.” This means that brokerage firms may vote in their discretion on these matters on behalf of clients who have not timely furnished voting instructions.

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