The shareholders participate in the control and management of the Company through resolutions taken at general meetings of shareholders. The Company's Articles or Association require that a general meeting of shareholders be held annually by the end of June, at the latest, on a date determined by the Board of Directors. Pursuant to the Articles of Association of the Company, general meetings of shareholders shall be held in Helsinki, Espoo or Vantaa.
At the annual general meeting of shareholders, the Financial Statements which also include the Consolidated Financial Statements, the Review by the Board of Directors, the auditor's report and the statement of the Supervisory Board on these documents are presented. At the annual general meeting, the shareholders take decisions, among others, on adoption of the Financial Statements including also the adoption of the Consolidated Financial Statements, on distribution of the profit shown in the Balance Sheet and on granting of discharge from liability to the members of the Supervisory Board, members of the Board of Directors and the President and Chief Executive Officer, as well as on the elections of the members of the Supervisory Board and the Board of Directors, including also the election of the Chairman and Vice Chairman thereof, and the auditor, and on their respective remunerations.
An extraordinary general meeting of shareholders in respect of specific matters shall be held when considered necessary by the Board of Directors or when requested in writing by the auditor of the Company or by shareholders representing at least one-tenth of all the shares.
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