A meeting of shareholders shall be held each year for the election of directors and for the transaction of any other business that may come before the meeting. 4) Consult the corporation's bylaws or articles to determine voting rights and requirements.A corporation shall hold a meeting of shareholders annually, for the election of directors and for the transaction of any proper business. The election must be held the same day and place as your association's annual meeting. A corporation shall hold a meeting of shareholders annually, for the election of directors and for the transaction of any proper business. The ByLaws indicate that the officers will serve until their successors are elected and conduct their first official meeting.