As has been said, a meeting to review the qms isn't required. However, if you do it this way, apart from setting the agenda, timing the meeting etc be sure that the process owners are there to tell everyone about how their processes are performing to objectives and what they are doing about it!
As QM/MR, your job is not to do all the talking/presenting. I'd suggest you spend some time with the most senior manager who will be present and school them in the way the meeting should be run and expected outcomes. Perhaps, coach him/her on what questions to ask about poor performance of those processes etc and actions necessary.
If you are responsible for internal audits, you are there to report on whether the process was being performed to the system, so the results can be 'believed' - validation, in other words...