The company’s supreme decision-making body is the General Meeting of shareholders. The Annual General Meeting (AGM) is held once a year on a date determined by the Board of Directors and within six (6) months from the end of the previous financial year.
The AGM considers the matters stipulated in the Companies’ Act and Sponda’s articles of association. These include adopting the financial statements, deciding on the use of the profit shown in the balance sheet, electing the Board of Directors and deciding on their remuneration, and appointing the company’s auditors and deciding on their remuneration.
Sponda publishes the notice of general meetings in at least one daily national newspaper determined by the Board of Directors and also on the company’s website. Shareholders wishing to attend a general meeting are required to be registered in the company’s shareholder register and to inform the company of their intention to attend the meeting in the manner stipulated in the notice of meeting.
Extraordinary general meetings are convened when considered necessary by the Board of Directors or when required by the law.