Kemira Oyj’s shareholders’ meeting, or the General Meeting, the company’s highest decision-making body, is held at least once a year. The Annual General Meeting (AGM) must be held each year by the end of May.
Notice to the shareholders’ meeting shall be released on the company’s website no earlier than two months and no later than three weeks before the meeting, however, at least nine days before the record date of the meeting. Additionally, if so decided by the Board of Directors, the company may publish the notice to the shareholders’ meeting in one nationwide newspaper.
The AGM makes decisions on matters within its competence under the Companies Act and the Articles of Association, such as:
- the adoption of the financial statements and dividend payout
- the discharge of Board members and the Managing Director and his Deputy from liability
- the election of the Chair, Vice Chair and other members of the Board of Directors and their emoluments, and
- the election of the auditor and the auditor’s fees.