Rederiaktiebolaget Eckerö is a privately owned Åland company, whose domicile is Eckerö which is governed by the Finnish Companies Act and the Company’s Articles of Association. In compliance with the Companies Act, the Annual General Meeting (AGM) is the highest decision-making body of the Company, where the owners exercise their influence.

All shares constitute a series in which all shares are equal and each share corresponds to one vote in voting and election.

The AGM decides on such matters as the adoption of the financial statements for the preceding financial year, the distribution of the Company’s profit or loss and discharge of the Board of Directors as well as the President and Chief Executive Officer from liability for that year. The meeting also elects the Chairman of the Board, the other Board members and auditors, as well as deciding on their fees.

The AGM also makes decisions concerning the Company’s shares and share capital as well as changes in the Articles of Association.

An extraordinary general meeting (EGM) shall be held if the Board of Directors or the AGM has so decided, or if an auditor or owners of at least 1/10 of all shares require this in writing to address a given matter.

In accordance with the Articles of Association, the AGM is held at the company’s domicile or in Mariehamn on a day determined by the board within six months after the end of the accounting period.

The AGM is called by an announcement which is inserted in a newspaper determined by the board and published in Åland. The notice must be given no earlier than two months before the record date of the AGM and no later than three weeks before the AGM.

In addition to disclosing the items of business that will be discussed at the meeting, the invitation shall include candidates proposed for the Board and their compensation as well as candidates proposed for the position of auditor.

A shareholder is entitled to have a matter considered at the AGM if that person requests it in writing if he requests this in writing from the board in sufficient time that the matter can be included in the notice to the General Meeting.