New York Consolidated Laws, Business Corporation Law - BSC § 605. Notice of meetings of shareholders.All shareholders of record on that date are entitled to notice of and to vote at the meeting. To win a meeting you beat all shareholders or have more than 50 approval when the timer runs out. Corporations are required to hold certain formal meetings each year. The answer might make you wonder how accurate some of those tough estimates in the financial statements really are. Why stop with the auditors? You'll have space (and greater knowledge) to do both in the coming weeks. Dear McDonald's Shareholders, Colleagues, Crew Members, Franchisees and Customers,. Administration and Policy.