Shareholders’ Meetings

At each Shareholders’ Meeting, members of the Board of Directors are elected, auditors are appointed, and their remuneration is determined. The meeting also resolves on the discharge of the Board members and the CEO from liability. In addition, Shareholders’ Meeting approval is required for option programmes and for authorising the Board to decide on matters such as share repurchases and share issues. The meeting also decides on the Board’s proposal for dividend distribution.