The highest decision-making body of the company is the General Meeting of Shareholders. The shareholders participate in the monitoring and management of the company through the resolutions passed at the General Meetings of Shareholders. The General Meetings of Shareholders are generally convened upon notice given by the Board of Directors. In addition, the General Meeting of Shareholders must be held pursuant to the Finnish Companies Act when requested in writing by the Auditor of the company or by shareholders representing at least one-tenth of all the issued shares.
According to the Finnish Companies Act and the company’s Articles of Association, the Annual General Meeting of Shareholders shall be held annually within six (6) months of the expiration of each financial period.
The Finnish Companies Act and the Articles of Association of the company define matters to be dealt with in the Annual General Meeting of Shareholders, including, among other things, the approval of financial statements, use of profit shown on the balance sheet, the election and the remuneration of the company’s Board of Directors and Auditor as well as other matters that are to be resolved in the Annual General Meeting in accordance with the Articles of Association of the company.