At Norrhydro, supreme decision-making power is exercised by company shareholders at the General Meeting, where they can exercise their right to speak, ask questions and vote.
Annual General Meeting is to be held annually on the date determined by the Board of Directors within six (6) months of the conclusion of the last financial period. The Annual General Meeting resolves on the adoption of the financial statements, the use of the profits indicated by the adopted balance sheet, the members of the Board of Directors' and CEO’s release from liability, the number of Board members, and the remuneration of Board members and auditors. In addition, the Annual General Meeting elects the Board members and auditors and processes any other items included in the notice of the General Meeting.
An Extraordinary General Meeting is to be held in order to address a specific issue whenever the Board of Directors deems it necessary or if an auditor or shareholders who hold at least one-tenth (1/10) of all outstanding shares demand it in writing.
Under the Limited Liability Companies Act, shareholders are also entitled to request the Board of Directors of Norrhydro Group to add items to the agenda of the next General Meeting. Norrhydro Group publishes the deadline for agenda item requests good time in advance on its website. A request is deemed to have been arrived in time if the Board of Directors has become aware of it no later than four (4) weeks before the notice of the General Meeting is given.
The notice of the General Meeting is published on the company website no earlier than three (3) months and no later than three (3) weeks before the General Meeting. In any case, the notice must be given no later than nine (9) days before the General Meeting’s record date. In order to attend the General Meeting, a shareholder must register in advance as instructed in the notice of the General Meeting and by the deadline given in the notice.
Norrhydro Group Oyj
Headquarter & production
FI-96100 Rovaniemi, Finland
Cargo-in: +358 40 618 4054
FI-33840 Tampere, Finland
FI-70210 Kuopio, Finland