General meeting

The only shareholder of OP MB exercises decision-making powers at a General Meeting. The Annual General Meeting must be held by the end of May on a date determined by the Board of Directors. The AGM shall discuss matters assigned to it in accordance with the Articles of Association and any other business referred to in the notice of the meeting.

In accordance with OP MB’s Articles of Association, the AGM must

  • be presented with the Financial Statements and the Auditors’ Report;

decide on

  • adopting the income statement and balance sheet;
  • measures to be taken in respect of the profit or loss shown in the adopted balance sheet;
  • the discharge from liability of the members of the Board of Directors and the Managing Director;
  • the number of Board members;
  • remuneration to the members of the Board of Directors and auditors

elect

  • Board members and auditors;

and discuss

  • any other business in the Notice of the Meeting.

In addition, Extraordinary General Meetings (EGM) can be held to discuss matters belonging to the general meeting in accordance with the Limited Liability Companies Act. Instead of the AGM or EGM, a shareholder may make a written shareholder decision.

General Meeting 2018

OP MB’s Annual General Meeting (AGM) of 19 March 2018 adopted the Financial Statements for 2017, discharged members of the Board of Directors and the Managing Director from liability and decided to distribute a dividend of EUR 202.01 per share.

On 29 October 2018, the company's only shareholder, OP Cooperative, decided through a written shareholder decision that Vesa Aho be appointed a Board member and the Board Chair for the remaining term of office to replace Harri Luhtala as of 1 November 2018.

General Meeting 2017

OP MB’s Annual General Meeting (AGM) of 21 March 2017 adopted the Financial Statements for 2016, discharged members of the Board of Directors and the Managing Director from liability and decided to distribute a dividend of EUR 118.00 per share.

General Meeting 2016

OP MB's Annual General Meeting (AGM) of 14 March 2016 adopted the Financial Statements for 2015, discharged members of the Board of Directors and the Managing Director from liability and decided to distribute a dividend of EUR 212.58 per share.