The shareholders' right to decide on matters affecting Bactiguard is exercised at the general meeting in accordance with the Swedish Companies Act and is the Company’s highest decision-making organ. The rules that control conducting general meetings are found in the Swedish Companies Act, the Code, and the company articles of association §§ 10–12. All shareholders registered in the share registry as of the record date and who have provided timely notice of their intention to participate in the annual general meeting are entitled to participate therein and vote their full shareholding.
Notice for convening the general meeting is published for shareholders on the company’s website and announced in Post- och Inrikes Tidningar. Simultaneously with publication of the notice, the company advertises this information in the newspaper Dagens Industri.
Shareholders wanting to have a matter considered at the AGM shall request so in writing to the Board of Directors. Such matters shall be brought for consideration at the general meeting if the request was submitted to the Board of Directors no later than seven weeks prior to the meeting. All shareholders are entitled to ask questions to the company regarding the matters brought for consideration, and in relation to the company and group financial position.
Resolutions by the general meeting are normally passed by simple majority vote, except where the Swedish Companies Act stipulates qualified majority of the shares and/or votes, as, for example, resolutions regarding amendment of the company’s articles of association.
Decisions taken at the general meeting will be announced in a press release after the meeting and the minutes will be published at the company’s website.
Annual General Meeting ('AGM')
An annual general meeting (‘AGM’) shall be held in Stockholm within six months of the closing date for the financial year. The company’s financial year begins on 1 January and closes 31 December.
The AGM determines issues including adopting the company’s annual report, appropriation of the company profit or loss, and discharging the directors of the board and the CEO from liability. The AGM also appoints directors to the board and auditors, and determines the establishment of a nomination committee, fees for board directors, and auditors, and guidelines for determining salaries and remuneration to the CEO and other senior managers.
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