The Annual General Meeting of M-real Corporation held 24 March 2010 adopted the following resolutions:
Adoption of the annual accounts
The Annual General Meeting approved the company's financial statements for the financial year 2009.
Consideration of the annual result and the payment of dividend
The Annual General Meeting resolved not to distribute dividend for the financial year ended 31 December 2009.
Resolution on the discharge from liability
The Annual General Meeting discharged the members of the Board of Directors, the CEO and deputy to the CEO from liability.
Number of the members of the Board of Directors
The Annual General Meeting confirmed that the number of Board members is nine (9).
Remuneration of the members of the Board of Directors
The Annual General Meeting resolved to maintain the remuneration of the members of the Board of Directors unchanged. Thus, the Chairman receives an annual remuneration of EUR 76,500, the Vice Chairman EUR 64,500 and members EUR 50,400. One half of the remuneration will be paid in cash while the other half is paid in the company's B-series shares to be acquired from the open market during April 2010.
In addition, the members are paid a fee of EUR 500 per each attended Board and committee meeting.
Composition of the Board of Directors
The Annual General Meeting elected as members of the company's Board of Directors Mikael Aminoff M. Sc. (Forestry), Martti Asunta, M. Sc. (Forestry), Kari Jordan, Honorary Counsellor, Kirsi Komi, LL.M., Kai Korhonen, M. Sc. (Technology), Liisa Leino, M.Edu., Juha Niemelä, Honorary Counsellor, Antti Tanskanen, Minister and Erkki Varis, M. Sc. (Technology). The term of office of the members of the Board of Directors expires at the end of the next Annual General Meeting.
At its organising meeting the Board of Directors elected Mr Kari Jordan as its Chairman and Mr Martti Asunta as its Vice Chairman. The Board further resolved to organize the Board committees as follows:
The members of the Audit Committee are Kirsi Komi, Kai Korhonen, Antti Tanskanen and Erkki Varis and the members of the Nomination and Compensation Committee are Mikael Aminoff, Martti Asunta, Kari Jordan, Liisa Leino and Juha Niemelä.
Auditor's fees
The Annual General Meeting resolved that the fee of the auditor is paid according to invoice.
Election of the auditor
The Annual General Meeting elected Authorized Public Accountants PricewaterhouseCoopers Oy as M-real's auditor with Johan Kronberg, Authorized Public Accountant, acting as principal auditor. The term of office of the auditor expires at the end of the next Annual General Meeting.