METRO

 

Corporate Governance

Metro International SA is a Luxembourg limited liability company (Societé Anonyme) listed on the Stockholm Stock Exchange.

Corporate governance within Metro international S.A. is based on Luxembourg legislation, the listing requirements of the Stockholm Stock Exchange and the Swedish Code of Corporate Governance (the Code”) which the Company applies. Metro applies the Code in accordance with the “comply or explain” principle, meaning that deviations from the Code are permissible but must be explained. This report has not been audited by the Company’s external auditors.

Shareholders’ rights to decide on the affairs of Metro International are exercised at the Annual General Meeting. Shareholders recorded in the share register on the nominated day and who have notified their intention to attend may take part in the Meeting, either in person or via a proxy. Decisions at the Annual General Meeting are normally taken by simple majority. However, on certain matters the Luxembourg legal requirements or Metro International’s articles of association prescribe that proposals should be supported by a higher proportion of the shares represented or votes cast at the Meeting. The Annual General Meeting must be held within six months of the end of the Company’s financial year. Matters considered at the Annual General Meeting include dividends; approval of the income statement and balance sheet; discharge from liability of the Board of Directors and the CEO; the election of Board members, the Chairman of the Board, the Nomination Committee and, where applicable, auditors; and the fixing of remuneration for the Board and auditors.

 

2009 Corporate Governance Report

The Company is a Luxembourg limited-liability company (Societé Anonyme) listed on the Stockholm Stock Exchange and the Annual General Meeting ("AGM") of shareholders is the highest decision making authority in the Company’s governance hierarchy.Read more