If your company does that, you can use a file structure organized as described above.
mergers, conversions, etc.) by the Board of Directors.
Notice regarding these meetings is imperative, but state laws generally have basic requirements for notice.
Typically, directors establish broad policies and objectives for the organization of the corporation; select, support, and review the performance of the chief executive; ensure the adequacy of financial resources; approve the annual budget; assessing to its stakeholders on the corporation's performance; and set its own salary and compensation.
Actions that make a fundamental change to the corporation (i.e.
Generally, notice should be given at least 10 days, but no more than 60 days before a meeting.
All voting shareholders must be given notice, but not all shareholders must be present for the meetings.
Generally, states give a default quorum requirement of a majority of voting shareholders.
However, states do allow corporations to specify within their bylaws their own quorum requirement.
Generally, the bylaws specify the timing and location of the annual meetings.