According to the Swedish Companies Act, the general meeting is a company's highest decision-making body. The general meeting may resolve upon every issue for the company, which is not specifically reserved for another corporate body. At the annual general meeting, which shall be held within six months from the end of the financial year, shareholders exercise their voting rights on issues, such as adoption of income statements and balance sheets, appropriation of the company's profits or losses, discharge of liability for the board of directors and the CEO, the appointment of members of the board of directors and auditor, and remuneration for the board of directors and the auditor. In addition to the annual general meeting, extraordinary general meetings may be convened.
In accordance with the Company's articles of association, all general meetings shall be convened through announcements in the Swedish Official Gazette (Sw. Post- och Inrikes Tidningar) and by posting the notice to the meeting on the Company's website. An announcement shall simultaneously be placed in Svenska Dagbladet with information that the meeting has been convened.
The chairman of the board of directors, as many other board members as possible and the managing director shall be present at extraordinary general meetings of the Company. At annual general meetings, in addition to the aforementioned, at least one member of the nomination committee and, to the extent possible, all members of the board of directors, shall participate.
Right to attend general meetings
All shareholders who are directly registered in the share register kept by Euroclear Sweden AB ("Euroclear") five weekdays prior to the general meeting and who notify the Company of their intention to attend the general meeting at the latest by the date specified in the notice convening the meeting shall be entitled to attend the general meeting and vote according to the number of shares they hold. Shareholders may attend general meetings in person or through a proxy, and may also be accompanied by not more than two assistants.
Shareholders who wish a matter to be discussed at the general meeting must submit a written request in that regard to the board of directors. Requests must normally be received by the board of directors at least seven weeks prior to the general meeting.