Shareholder meetings are regulatory requirements for corporations under the Business Corporation Act of each state and are often used to handle administrative functions. The meeting agenda can focus on a variety of things, such as:
Electing members to the board of directors
Approving an accounting firm to review the company finances
Business objectives and policy changes
Executive compensation
The actions taken in the meeting (and their results) are called resolutions, which are recorded in the company minute book as part of the minutes of the meeting. The minutes are typically reviewed at the beginning of the next meeting.