The Statutes represent the basic legal document governing our company.
They are approved by the General Meeting and regulate, above all, the following subjects:
- Company, domicile, object and scope of operations
- Share capital, shares, borrowing of capital
- Governing bodies and their responsibilities (The General Meeting of Shareholders, The Board of Directors, The Board of Management, The auditors)
- Other provisions
Strengthening of rights of shareholders
The General Meeting of Shareholders on 8 May 2015 approved general amendments to the Statutes that contribute to a substantial strengthening of the rights of shareholders. In particular, the amendments expand the rights of shareholders to include items on the agenda and to make proposals. They also introduce the option of postal voting and electronic voting as well as electronic delegation of proxies. Shareholders may cast their votes in writing or electronically prior to the General Meeting.The rights of shareholders concerning the agenda and proposals are set out in Articles 14 and 15 of the Statutes.
Right to add items to the agenda
Shareholders who jointly represent not less than five per cent of the share capital may call for an item of business to be added to the agenda of the General Meeting by tabling a resolution. The items of business to be added to the agenda must be received at the latest 21 days before the day of the General Meeting. The Board of Directors announces the entire amended agenda at the latest on the 13th day before the General Meeting.
Right to make proposals
Shareholders who jointly represent not less than five per cent of the share capital have the right, prior to the General Meeting, to submit proposals regarding items on the agenda or items that have been added to the agenda.