General meeting

The general meeting is the supreme decision-making body of the company. The annual general meeting is held annually no later than June. The general meeting accepts issues such as the financial statements, and elects the auditor and Board of Directors of the company, which consists of seven persons elected for a year by the general meeting plus their seven personal deputy members. The general meeting elects the Chairman and the First and Second Deputy Chairmen among the Board members. Moreover, the general meeting decides on the remuneration paid to the Board of Directors and its committees.

In accordance with the articles of association, summons to general meetings and other notifications shall be sent to the shareholders at the earliest four (4) weeks and at the latest two (2) weeks before the meeting by mailing the summons as registered letter to each shareholder to the address entered in the share register of the company. In accordance with recommendation 1 of the Corporate Governance Code, the notice of the general meeting and the following information shall be made available on the company website at least 21 days before the general meeting:

  • the total number of shares and voting rights according to classes of shares at the date of the notice
  • the documents to be submitted to the general meeting
  • a proposal for a resolution by the Board or another competent body
  • an item on the agenda of the general meeting with no proposal for a resolution.

In addition, the minutes of the general meeting including the voting results and the appendices of the minutes that are part of a decision made by the meeting shall be posted on the company website within two weeks of the general meeting.

As a rule, Fingrid’s President, Chairman of the Board and other Board members together with the auditor are present in a general meeting. Also, a person proposed for the first time as a Board member shall participate in the general meeting that decides on his or her election unless there are well-founded reasons for the absence.