General meeting

According to the Companies Act, the general meeting of shareholders is the highest decision-making body of GRK. The duties and functions of the general meeting are defined in the Companies Act and the company’s articles of association. The board of directors convenes the annual general meeting within six (6) months from the end of the previous financial period. An extraordinary general meeting may be convened if the board of directors deems it necessary or if it is required by law.

The general meeting decides on profit distribution, approves the financial statements, and determines the discharge from liability for the members of the board of directors and the managing director. The general meeting elects the members of the board of directors and decides on their remuneration. The board of directors elects the chairperson and vice-chairperson from among its members unless the general meeting has made this selection. The general meeting also reviews the remuneration report and, if necessary, approves the remuneration policy. The annual general meeting also elects the company’s Auditor and Authorized sustainability auditor and decides on their remuneration. Additionally, the general meeting decides on all matters assigned to it by the Companies Act and the articles of association, as well as on any other proposals submitted to the general meeting.

A shareholder may request that a proposal be addressed at the next general meeting. GRK announces on its website annually before the end of a calendar year the deadline and procedure for submitting such a request.

All shareholders of GRK have the right to participate in a general meeting, provided they comply with the instructions given in the notice of the meeting. A shareholder may attend the general meeting either in person or through a proxy. The general meeting may also be held without a physical meeting place, allowing shareholders to exercise their decision-making rights in full and in real time via telecommunication and technical means.