Some corporations must hold annual meetings and draft annual meeting minutes for satisfying their business compliance responsibilities. One of the requirements for corporations in most states is to have an annual board meeting.Typically, these are held near the end of the year. Executing a successful annual meeting of shareholders requires the careful planning and coordination of many parts. You must meet specific corporate responsibilities to stay in good standing as an entity. One of them is to hold regular meetings, documented with minutes. The main purpose of the annual shareholder meeting is to elect the corporation's board of directors for the next year. This guide outlines some of the basics about preparing for and conducting an annual stockholder meeting of a Delaware corporation. Typically, these are held near the end of the year to address certain matters for the coming year. Here are some reasons you need to hold your meeting.