Corporate governance

Annual General Meeting

The Annual General Meeting is the highest decision-making body of Tecnotree Corporation, and it convenes once a year on the date set by the Board of Directors by the end of May. The AGM is held in the company's domicile, Espoo, or, if the Board of Directors so decides, in Helsinki.

The responsibilities of the AGM are defined in the Finnish Companies Act and the Articles of Association of the company. The major matter subject to the decision-making authority of AGM include amendments to the Articles of Association, adoption of the financial statements, decisions on the distribution of profit, discharging the members of the Board of Directors and the CEO from liability, election the Board members and the company's auditors and decisions on their fees.

In addition to the above matters, the AGM handles the proposals made by the Board of Directors to the AGM. According to the Finnish Companies Act, a shareholder may present a written request to the company's Board of Directors to place a matter on the agenda of the next General Meeting. If a shareholder or shareholders holding at least 10% of all shares and voting rights, or the company's auditor, request that a specific matter be handled at a General Meeting, the Board of Directors shall, without delay, convene the General Meeting to handle the requested matter.

The summons to a General Meeting must be published on Tecnotree’s internet site no earlier than three (3) months before the record date of the General Meeting and no later than three (3) weeks before the General Meeting, but always at least nine (9) days before the record date of the General Meeting. The Board of Directors can also decide to publish the summons in some other way.

To be able to attend a General Meeting, a shareholder must register with the Company no later than on the date mentioned in the summons, which can be no earlier than ten (10) days before the General Meeting.

An Extraordinary Meeting shall be held if the Board of Directors consider it to be necessary or if the company's auditor, or shareholder with at least on tenth (1/10) of all shares, so requests in writing for the consideration of a specific matter.

Previous General Meetings