Shareholder group owner cannot unilaterally drive company meeting resolution without board approval.
Legislator summary
AI generatedThe Supreme Court dismissed the shareholder group owner's claim to unilaterally drive a company meeting resolution. The owner argued that as the sole owner of the shareholder group, they should have the right to initiate the meeting, while the opposing party contended that the board of directors holds exclusive authority to convene meetings. The court ruled that the law grants the board the power to call meetings, thereby excluding the shareholder group owner from this specific procedural right.
Legislator headnote
AI generatedAct on Limited Liability Companies s. 10; Act on Limited Liability Companies s. 11: The board of directors has the exclusive right to convene a shareholders' meeting, and a shareholder group owner cannot unilaterally drive the meeting or its resolution without board approval.
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AI generatedFull text
Kysymys osakeryhmän yhteisomistajan oikeudesta yksin ajaa yhtiökokouksen päätöksen moitekannetta.