The number of initial directors may be fixed either in the Articles of. Incorporation or at the organizational meeting of the incorporators.Are all businesses required to hold an annual meeting? Corporations are generally required to hold an annual shareholders meeting. The special meeting aims to enable the shareholders to know the company's affairs and vote on the management's recommendations in the proposed resolution. In addition to meetings of the board of managers, associations are required to hold membership meetings. In this article, we explain shareholder meetings for corporations.