Employee performance meetings happen all the time in business. Well, they should happen all the time in business. We're not talking about meetings that address employee discipline or terminations. Your organization has a policy for that and managers need to follow it.
Employee performance meetings are about helping employees succeed. They are the regular conversations that take place in an ongoing manner. These discussions tell employees what they're doing well and possibly what they need to improve upon.
I've said that no news is good news is not a management philosophy. Managers have to talk with employees about their good performance as much, if not more, than improving their performance.