How often are shareholder meetings held?

Under the articles of association, the board of directors is required to arrange a general meeting at least once a year. The purpose of this meeting is to conduct business, which may include appointing a board of directors, making important decisions regarding the organization and informing the shareholders of previous and future activities. Besides the ordinary general meeting, there can also be special meetings. These special meetings may occasionally occur at the request of both, shareholders and directors. The procedure of these meetings should be stipulated in the articles of association.

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