friendly shareholders make decisions quickly and will be inclined to waive notice of a meetingmore distributed number of shareholders more likely to want to adhere to proper notice or if they are not on friendly terms++ remove specific referencesThe frequency of meetings are often statutorily mandated. For example, corporate governance statutes in many jurisdictions require Directors to hold a meeting upon issuance of the certificate of incorporation, then as frequently as the by-laws or articles require.Similarly, shareholders will often be required to hold a meeting within some prescribed number of months after the previous meeting (e.g. a date no later than 15 months after the previous meeting, but also no later than 6 months after the end of the preceding financial year). Alternatively, shareholders may pass a resolution in lieu of meeting. A resolution in lieu of a meeting may be useful for small corporations that have only one or a few shareholders.Quorum is set at a majority by default in most statutes as well, unless changed in the by-laws or articles. Quorum is a highly negotiated topic, as it governs the corporate actions. It is also usually subject to the management rights section.