Outokumpu's next Annual General Meeting is tentatively scheduled for Thursday, March 31, 2022. Outokumpu's Board of Directors will convene the meeting at a later date.
A request for items on the agenda of the Annual General Meeting
A shareholder has the right to request on the agenda of the annual general meeting an item that falls within the competence of the general meeting by virtue of the Limited Liability Companies Act, provided that the shareholder demands so in writing from the Board of Directors, well in advance of the meeting, so that the item can be added in the notice of the annual general meeting. Such requests must be submitted to Outokumpu Board of Directors by January 14, 2022 either by mail to AGM / Outokumpu Oyj, P.O. Box 245, 00181 Helsinki, Finland or by email to the secretary of the Board at [email protected]. The shareholder shall ensure that any matters demanded to be addressed at the general meeting are sufficiently detailed in order for them to be included in the notice of the general meeting and be addressed at the general meeting.
Provisions concerning a shareholder's right to request a matter on the agenda of the general meeting are included in the Limited Liability Companies Act and in the Act on temporary deviations from the Limited Liability Companies Act (375/2021) issued on May 7, 2021.
Proposals by the Shareholders' Nomination Board
Outokumpu's shareholders' Nomination Board has given its proposals to the Annual General Meeting 2022 in December 2021. The Nomination Board proposes that the Board of Directors would consist of eight (8) members and that of the current members of the Board of Directors Kari Jordan, Heinz Jörg Fuhrmann, Kati ter Horst, Päivi Luostarinen, Vesa-Pekka Takala, Pierre Vareille and Julia Woodhouse would be re-elected and that Petter Söderström would be elected as new member, all for the term of office ending at the end of the next Annual General Meeting. The Nomination Board also proposes that Kari Jordan would be re-elected as the Chairman and Kati ter Horst would be elected as the Vice Chairman of the Board of Directors.
The Nomination Board has considered the composition of the Board of Directors as to its overall structure as well as the individual members’ versatile and mutually complementary professional expertise and experience. The Nomination Board therefore proposes that the Board of Directors is elected as a whole, not each Board member individually.
The Shareholders’ Nomination Board proposes that the annual remuneration of the Board of Directors would be increased as follows:
- Chairman: EUR 169,000 (2021: EUR 163,000)
- Vice Chairman and the Chairman of the Audit Committee: EUR 93,500 (2021: EUR 91,600)
- Other members of the Board of Directors: EUR 72,500 (2021: EUR 71,100)
Read more about the proposals by the Nomination Board.