General Meetings

The general meeting of shareholders is the highest decision-making body of Konecranes. In the General Meeting, shareholders exercise their right of supervision and control of the Company. One Annual General Meeting (AGM) of shareholders must be held during each financial year before the end of June. Extraordinary General Meetings may be called whenever necessary.

Shareholders exercise their rights of vote and action in general meetings. Matters to be handled at the AGM are defined in Article 12 of the Articles of Association of Konecranes and Chapter 5 Paragraph 3 of the Companies Act. Decisions made at General Meetings are published as stockexchange releases and on the Company's website immediately after the meeting.

Advance information to shareholders

The Board of Directors (Board) shall convene an AGM or Extraordinary General Meeting by means of publishing a notice in two national newspapers listing the matters to be handled. Konecranes provides advance information in the invitation to the General Meeting. The invitation is also made available through a stock exchange release, and it is posted on the Company's website. The Board's proposals to the General Meeting are published in a stock exchange release and posted on the Company's website.

Attendance of shareholders

In order to be entitled to attend a Shareholders' Meeting, a shareholder must be registered as a shareholder in the Shareholders' register of the Company maintained by Finnish Central Depository Ltd on the record day for the Shareholders' meeting. Holders of  nominee-registered shares wishing to participate in the Shareholders' meeting shall notify their custodian well in advance of the meeting and follow the instructions provided by the custodian. A registered shareholder wishing to participate in the Shareholders' meeting must notify the Company of his/her intention in the order and during the period prescribed in the Notice of the Shareholders' Meeting. A shareholder may participate in the Shareholders' meeting in person or through a representative who must present a proxy.

Shareholders are requested to inform the Company of any proxies for the General Meeting in connection with the notification of  participation. The shareholder and representative may have an assistant at the meeting. Attendance of Board members and the Managing Director at the General Meeting. The President and CEO, holding the position of Managing Director under the Companies Act,  the Chairman of the Board, and a sufficient number of Board members shall attend the General Meeting. A person proposed for the first time as a Board member shall participate in the General Meeting that decides on his/her election unless there are well-founded reasons for his/her absence.