A corporation shall hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws. Holding annual meetings in Virginia is both a legal requirement of corporate governance and a beneficial tool to effectively manage the corporation's affairs.Corporations typically hold several required formal meetings each year. The exact requirements vary depending on state laws and your corporation's bylaws. HOAs will hold regular monthly and annual meetings that cover a wide range of topics such as financials, property, residential living, and much more. We provide an LLC annual meeting minutes template to help your business easily record the minutes of your LLC's annual meeting. This article is intended to discuss options available to Virginia nonstock corporations to continue corporate governance best practices. Don't just let the box fill up. I've sat in hundreds of hours of board meetings. If the manager hadn't spoken up, some boards would have really made a few bad decisions.