General assembly meetings are conveyed either ordinarily or extra-ordinarily. Ordinary general assembly is held at least once a year within three months following the fiscal year end of the company. In these meetings discussions are held and resolutions are adopted regarding the following matters:
- Election of the organs of the joint stock company,
- Determination of financial statements, annual report of the board of directors, the form of profit allocation, ratio of distributable profits,
- The release of board members,
- Other matters regarding the relevant financial period and any other matters that needs to be discussed among the shareholders.
Extraordinary meetings can be held whenever it is deemed necessary. The general assembly is convened at the headquarters of the company unless otherwise stated in the articles of association.
