Corporate governance

Annual General Meeting

The highest decision-making power at Honkarakenne Plc is exercised by the company’s shareholders at General Meetings convened at least once a year. The Annual General Meeting must be convened at latest in April on the date specified by the Board of Directors. The Annual General Meeting can be convened either in the domicile of the company, in Helsinki, Järvenpää or Tuusula.

The Board of Directors decides on the convening of the Annual General Meeting.

The notice of the Annual General Meeting shall be published on the company’s website at the earliest two (2) months and at the latest three (3) weeks before the meeting, however, always at least nine (9) days before the record date of the Annual General Meeting.

If a shareholder wishes to participate in the Annual General Meeting, they must register in advance in the manner mentioned in the invitation to the meeting and by the date mentioned in the invitation that can at the earliest be ten (10) days before the day of the meeting. Registering for the meeting takes place via the company’s investors page while the registration is open.

In accordance with the Articles of Association, the Annual General Meeting takes decisions on adopting the financial statements, the use of the profit shown in the balance sheet, releasing the members of the Board of Directors and CEO from liability, the number of members of the Board, and the remuneration of the members of the Board and the auditors and how their travel costs compensated. The Annual General Meeting also elects the members of the Board of Directors and auditors and handles any other matters included in the notice of meeting.

An Extraordinary General Meeting is convened if the Board of Directors deems it necessary or if the auditor or shareholders that own at least one-tenth (1/10) of all outstanding shares request this in writing to discuss an issue.

In accordance with the Limited Liability Companies Act shareholders entitled to bring issues to be discussed to the Shareholders’ Meeting if he/she demands this in writing from the Board of Directors. Honkarakenne publishes the date by which shareholders shall notify of their request to discuss issues in the Annual General Meeting on its website well in advance. Such a request is always considered to have arrived in time if the Board of Directors has been notified of it at least four (4) weeks before the invitation to the Annual General Meeting is sent out.

Previous meetings