The Company’s General Meeting of Shareholders has the authority to approve certain Executive Board decisions. These decisions, which are stipulated in the Articles of Association, are major decisions relating to the operations, legal structure and financial structure of the Company (and the companies in which it holds shares) as well as decisions related to major investments.
The most important other authorities of the General Meeting of Shareholders are:
During the Company’s General Meeting of Shareholders, the Cooperative Board exercises its voting rights on behalf of the Cooperative. In respect of a number of major shareholders’ decisions, stipulated in the Cooperative’s Articles of Association, the Board exercises its voting rights with the prior approval of the Members' Council.