In California, Section 600(b) of the Corporations Code requires the shareholders of the corporation to hold an annual meeting to elect corporate directors. How to Hold and Document a California Corporation's Shareholder and Director Meetings and Minutes.The City Council meets Tuesdays, Wednesdays, and Fridays at am in the John Ferraro Council Chamber, Room 340, City Hall, 200 N. Spring St. Corporate minutes are used to record actual happenings during directors' or shareholders' meetings, such as decisions on tax, legal, and financial matters. In California, all corporations must hold valid corporate meetings and keep corporate minutes in a minute book as a record of those meetings. Enjoy our free minutes template for your corporation's first board of directors meeting. Like all our forms, this template is intended for individual use. Learn how to create quality meeting minutes that are legally compliant and demonstrate the integrity of the decision-making process.