General Meeting of shareholders
Description
General Meeting of Shareholders. Company shareholders exercise ultimate authority through the General Meeting. Shareholders registered in VPS, the Norwegian Registry of Securities, can vote in person or by proxy. Invitations are sent to shareholders or to the shareholder's security deposit bank.
The General Meeting of Shareholders:
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Elects the shareholders' representatives to the Corporate Assembly
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Elects the external auditor and determines the auditor's remuneration
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Approves the report according to Norwegian requirements and financial statements, including the dividend proposed by the Board of Directors and recommended by the Corporate Assembly
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Deals with any other maters listed in the notice convening the meeting
Shareholders may, at least 14 days before an ordinary general meeting, request that proposals for resolutions are submitted to the General Meeting, or that iems are added to the agenda.
Developments and events in 2007
General Meetings in May and July