General meetings

At the Annual General Meeting, the company’s annual financial report is reviewed and approved and the shareholders make decisions on, among other things, the election of board members, the allocation of the year’s profit or loss and the discharge of liability for the board members.

Should the company wish to make certain decisions before it is time for the Annual General Meeting, for example to adopt an incentive program for the management and key employees, the Board of Directors or major shareholders may convene an Extraordinary General Meeting (EGM).

Prior to a general meeting, MCL can assist the board with both planning and project management as well as legal investigations and continuous legal advice. Our lawyers have broad experience of company law and can prepare all the necessary documents, such as a notice, draft proposition for decisions and board and AGM minutes. MCL can also be of assistance for the more administrative parts by collecting power of attorneys and postal votes, which can be particularly convenient for companies with a large number of shareholders as they will be able to conduct general meetings even in turbulent times. Of course, administrative assistance is also offered regarding the registration of the AGM or EGM’s decisions with the Swedish Companies Registration Office (Bolagsverket).