Our free LLC annual meeting minutes template provides you with a guide to record your important business meetings. If the shareholders do not hold an annual meeting, the board of directors must schedule the meeting as soon as it is convenient.Michigan law does not require open meetings but our bylaws say meetings board should be open. Typically, a township board must use a voice vote or a roll call vote, and the supervisor (or meeting chair) can an- nounce the result of the vote. Many. The Open Meetings Act (OMA) is 1976 PA 267, MCL 15.261 through 15.275. The. The directors typically hold an annual meeting after the shareholder meeting to elect the officers. With respect to meetings, under the NCA, a corporation is required to hold an annual meeting of its shareholders and members. Michigan Open Meetings Act. The number of directors that will constitute the corporation's board of directors should be set forth in the bylaws. 3. Most homeowners associations require annual meetings.