Kaleva Oy is a corporation in which the decision-making power is divided between the shareholders’ meeting, board and operative management. Over 90% of the company’s shares are privately owned. Shares are split into the K-series with voting rights and the so-called privileged A-series.
The highest decision-making power in Kaleva Oy is used statutory by the shareholders’ meeting assembled once a year. The actual shareholders’ meeting is held annually on the day assigned by the board within six months from the accounting period ending.
The board makes decisions on Kaleva’s strategic policies, large investments and elects the company’s CEO. Overall, the company has approximately 280 owners.