Regulation 3 Proceedings and validity of proceedings of auditor panelsI1
England and Wales
In relation to a meeting of the auditor panel—
(a)
the quorum is two members or the number of members who make up at least 50 per cent of the panel, whichever is the greater; and
(b)
the proceedings of the panel are valid if the majority of the members present at the meeting are independent members of the panel.