Annual General Meeting

The absolute power of decision in Elo is exercised by the shareholders at the Annual General Meeting. In addition, an elected representative of the insured covered by TyEL basic insurance policies valid in the company has the right to vote.

 

The Annual General Meeting elects the members of the Supervisory Board and the auditors, and decides on the confirmation of the financial statements and on the use of the profit shown in the balance sheet. The Annual General Meeting also decides on granting discharge from personal liability to the members of the Board of Directors and the Supervisory Board and the Managing Director. In addition, the Annual General Meeting decides on the remuneration paid to the members of the Supervisory Board and the auditors, as well as on other matters mentioned in the notice of the meeting.