The General Meeting of Shareholders hold the highest power of decision in Fazer Group. The Annual General Meeting must be held within six months after the end of a financial year, at the latest in June in Helsinki or Vantaa. The Annual General Meeting addresses issues it is responsible for, according to current legislation and Fazer’s Articles of Association, such as approving the Group’s Financial Statements, deciding on dividend distribution, appointing the Board of Directors and auditors and deciding on their compensation.
According to the Articles of Association, notices of meetings for the General Meeting of Shareholders are sent by regular mail at the latest 14 days before each General Meeting.
An Extraordinary General Meeting must be held, for example, when the Board of Directors considers it necessary.