The recent dismissal of a board member at a general meeting in Jyväskylä has sparked significant attention and debate, with the rare occurrence of a general meeting outside the capital region generating so much interest. This unusual event is due to the turmoil within the inner circle of the media company.
At the heart of this controversy is the proposed dismissal of one of its members, Riitta Vesterinen-Virtanen, by the board. Vesterinen-Virtanen refused to resign from the board over her dating relationship with a person in the operational management of the company. Despite this, she was ultimately dismissed by shareholders with approximately 93.2% supporting the decision.
This public dismissal of a board member is highly unusual in a listed company, where departures are typically handled more discreetly. The heated debate surrounding this issue involved various stakeholders presenting arguments for and against it, with one key point being whether a dating relationship constitutes a conflict of interest on the board.
In addition to this controversial issue, another major highlight of the general meeting was the approval of a share series merger aimed at improving share liquidity on the stock exchange. This move reflects some of
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