In accordance with Norwegian corporate law, the physical presence of the shareholders or their authorized representatives is required in order to vote. In addition, votes can only be given for shares registered in the owner’s name.
The annual general meeting is normally held in May. Notice of the meeting is sent to all shareholders individually, or to their depository banks.
A general meeting approves the annual result and any proposed dividend payment. The general meeting also elects the board of directors and consider other issues in accordance with Norwegian legislation belonging under the general assembly.