According to the Swedish Companies Act (2005:551), the General Meeting is a company’s highest decision-making body. At the General Meeting all shareholders are given the opportunity to exercise the influence represented by their respective shareholdings.
The General Meeting may resolve upon every issue for the company, which is not specifically reserved for another company body's exclusive competence. At the Annual General Meeting, which shall be held within six months from the end of each financial year, shareholders exercise their voting rights on issues, such as adoption of income statements and balance sheets, allocation of the company's profits or losses, discharge of liability for the Board of Directors and the CEO for the financial year, the appointment of members of the Board of Directors and auditor, and remuneration for the Board of Directors and the auditor.
Besides the Annual General Meeting, Extraordinary General Meetings may be convened. In accordance with the company's Articles of Association, all General Meetings shall be convened through announcements in the Swedish Official Gazette (Sw. Post- och Inrikes Tidningar) and by posting the notice of the meeting on the company's website. An announcement shall simultaneously be placed in Svenska Dagbladet with information that the meeting has been convened.