According to the California Corporations Code, written notice of the meeting must be given to each shareholder entitled to vote. As noted, the California Corporation Code requires an annual meeting of shareholders to elect members of the Board.While corporations are required to hold annual shareholder meetings to elect directors and conduct other important business, LLCs have no such obligation. PLEASE PRINT LEGIBLE-!. Shareholder meetings can be held on short-term notice if the required number of shareholders have agreed to attend the meeting in such a short period of time. The most common participants include shareholders, the board of directors , members, corporate officers, and board managers. The only thing on the agenda needs is the board of directors' election at the annual meeting. A shareholder meeting, also known as a stockholder meeting or annual general meeting (AGM), is a pivotal event for companies and their shareholders. Learn More; bd_our_company_hero_image_984x372.jpg. NEWS. Shareholders' Meeting.