General Meeting

The General Meeting is the highest decision-making body of a limited company. It is where shareholders participate in the supervision and control of the company. The shareholders exercise their rights to vote and take action at the General Meeting. The most important tasks of the General Meeting include electing the Board of Directors and adopting the annual accounts. Other tasks of the General Meeting are specified in the company's Articles of Association and in the Finnish Companies Act. The company must hold one annual General Meeting during each financial year on a date to be determined by the Board of Directors, however, by the end of June. Extraordinary General Meetings are held as necessary.

  Advance information to shareholders

Before a General Meeting, sufficient information of the business to be transacted at the General Meeting shall be made available to shareholders. The company will provide advance information in the notice to convene the Meeting. The notice convening an ordinary or an extraordinary General Meeting shall be delivered no earlier than four (4) weeks and no later than eight (8) days before the Meeting by publishing it in two (2) Finnish newspapers appearing in Helsinki or by delivering the notice to each shareholder by registered letter or in some other way verifiable in writing.  

Organization of the General Meeting

The General Meeting shall be organized as prescribed in the Finnish Companies Act so as to permit shareholders to exercise their ownership rights as effectively as possible. In accordance with the Finnish Companies Act, the General Meeting shall, as a rule, be held in the company's domicile.

Attendance of Board members and the Managing Director at the General Meeting

The Managing Director, the Chairman of the Board and a sufficient number of Board members shall attend the company's General Meeting.

The presence of the Board members and the Managing Director is required to ensure interaction between shareholders and the management bodies of the company as well as the shareholders' right to present questions. By exercising their right to present questions, shareholders can attain more detailed information about matters that may impact on the evaluation of the financial statements, the financial position of the company or other business to be transacted at the General Meeting. The attendance of the Managing Director and Board members in the annual General Meeting is particularly important. At extraordinary General Meetings, it may be sufficient, taking into account the nature of the issue to be dealt with, for the Managing Director, the Chairman and only some of the Board members to attend the meeting.

Attendance of candidate Board members in a General Meeting

Unless there are justified reasons for their absence, persons standing for election for the first time as a Board member shall attend the General Meeting that decides their appointment .

Persons standing for election for the first time as a Board member shall in principle attend the General Meeting that decides their appointment in order to be introduced to the shareholders.