In accordance with the Finnish Companies Act, the General Meeting of Shareholders is the highest decision-making body of the company. The Companies Act and Outokumpu’s Articles of Association provide that certain important decisions, such as amendments to the Articles of Association, adoption of the financial statements, authorization for the issuance of shares, decisions on dividends, and the election of the Board of Directors (including the Chairman and the Vice Chairman), the auditor and the sustainability reporting assurance provider, as well as discharge from liability to the members of the Board of Directors and the CEO, are the exclusive domain of the General Meeting of Shareholders. In addition, the Annual General Meeting makes advisory resolutions on the Remuneration Policy and the Remuneration Report.
According to its Articles of Association, Outokumpu has only one single class of shares and all shares have equal voting rights at General Meetings.