A quorum of the executive board is present only if individuals entitled to cast a majority of the votes on that board are present at the time a vote is taken. Unless otherwise provided in the bylaws, the board of directors have the authority to set the date, time and place for the annual meeting of the stockholders.The documents on this page pertain to managing an existing Nevada Corporation or a Qualified Foreign (Non-Nevada) Corporation only. Get expert guidance on forming a corporation in Nevada. At each annual meeting of shareholders, the shareholders shall elect directors to serve a one-year term. ➢Unit owners only have the right to speak at the beginning and end of a board meeting. ➢No director can speak twice on the same issue until all other directors. We'll teach you how to form an effective board of directors, how to elect a new board, and what important skills you must look for in a board member. Legislative findings and declaration regarding laws of this State governing incorporation and internal affairs of domestic corporations and directors. A director can send out a waiver of notice for meetings.