The annual report to shareholders typically does not include

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The annual report to shareholders usually includes corporate financial statements, information about the business done by the corporation and its subsidiaries during the most recent fiscal year, and information relating to the corporation's industry segments. However, it typically does not include copies of minutes of all meetings of the board of directors for the previous fiscal year, as these are internal documents and not generally shared in annual reports to shareholders.

The Annual Report to Shareholders Typically Does Not Include