A shareholders' organizational meeting is where shareholders discuss business relating to the organization of a corporation by incorporators or directors. The Shareholders' Organizational Meeting Minutes record the decisions that are discussed during this meeting.

Shareholders' Organizational Meeting Minutes are also known as:

• First Organizational Meeting Minutes
• Minutes of the First Shareholders' Meeting
• Initial Shareholders' Meeting Minutes

At a shareholders' organizational meeting, the shareholders sign or give formal consent to any contracts or agreements that contain the decisions of the incorporators and directors.

During the meeting, the shareholders can resolve to:

• Approve initial corporate bylaws for the internal management of the company
• Approve the acts of the incorporators or initial directors
• Set the fiscal year of the corporation
• Appoint or waive the appointment of auditors for the year ahead
• Appoint directors
• Appoint corporate officers such as president, secretary, chief executive officer, etc.
• Confirm the appointment of directors (if initial directors were named in the Articles of Incorporation)

The minutes should record the names and positions of all the parties attending the shareholders' organizational meeting.

If a chairperson or secretary is present, their information should also be included.

The chairperson of the meeting is someone who is appointed to guide and manage the meeting, as well as maintain order. Usually, the chairperson or chair of the meeting is also the chairperson of the board of directors for the corporation.

The secretary of the meeting is usually an executive officer of the corporation and is responsible for recording the minutes of the meeting.