A corporation shall hold a meeting of members annually at a time stated in or fixed in accordance with the bylaws. A corporation shall notify members of the date, time, and place, if any, of each annual and special members' meeting.This article is intended to discuss options available to Virginia nonstock corporations to continue corporate governance best practices. Holding annual meetings in Virginia is both a legal requirement of corporate governance and a beneficial tool to effectively manage the corporation's affairs. Virginia Business' audience research indicates that 43 percent of our readers' companies will be holding off-site meetings within the next 12 months. This guide will help you file formation documents, get tax identification numbers, and set up your company records. Virginia Corporate Bylaws create the policies and procedures for your corporation. Our free, attorney-drafted template can get you started.