The General Meeting of Shareholders is the supreme governing body of the LLB
The ordinary General Meeting is held every year within six months following the close of the financial year.
Extraordinary General Meetings may be convened if this is in the urgent interest of the Landesbank or if this is demanded by shareholders, who together hold 10 percent of the share capital.
The General Meeting has the following powers: it stipulates, amends and supplements the bank's statutes. It elects three members of the Board of Directors and the independent auditors. It approves the annual report (financial statement and management report). It passes resolutions regarding the annual financial statement and accounts, it stipulates the dividend and the date of payment, the increase or reduction of share capital, the dissolution and liquidation of the company, as well as the allocation and use of reserves. The General Meeting officially discharges the Board of Directors and the independent auditors, it specifies the subscription and payment of newly issued shares and resolves to have this noted in the bank's statutes.
In addition to resolving on the above-mentioned issues, which are expressly reserved to the General Meeting, it also deals with all business matters, which are submitted to it for decision by the Board of Directors or which are reserved to it by law.
The next General Meeting will be held on Friday, 6 May, 2011, at the tennis hall in Schaan, Liechtenstein.
