A director need not be a resident of this State or a shareholder of the corporation unless the articles of incorporation or by-laws so prescribe. Electing the board of directors requires that the shareholders vote.Written evidence of the vote should be kept with the corporate record book. This guide will inform you of various legal requirements and direct you to additional resources. Directors need not be residents of Illinois or shareholders of the corporation, unless the articles of incorporation so require. This guide will help you file formation documents, get tax identification numbers, and set up your company records. Each director then serves a 2 or 3-year term. You'll need to register your business with the state, prepare internal corporate documents, appoint company directors, and issue stock. There are three groups with responsibility in any corporation directors, officers and shareholders. Shareholders and directors can act only as groups.