Articles of Association

The articles of association are the basic legal document of the company and therefore have to be submitted for approval to the shareholders' meeting. The most important issues governed by the articles of association are:

• Amount and composition of the company's share capital and organization of the share register
• Organization, authorities and powers of the Annual General Meeting
• Composition, duties and authorities of the Board of Directors
• Composition, duties and authorities of the Executive Board
• Functions of the external auditors