The AGM's duties include, among other things:

• electing the Company's board and the Chairman of the Board
• adopting the Company's balance sheets and income statements
• deciding and appropriating the result of the Company's business
• deciding on whether to grant discharge of liability to the members of the Board of Directors and the CEO
• deciding on the auditors' fees
• approving the principles of compensation and other terms of employment for the Company's management.

Further, the AGM's duties can also include:

• deciding on increases or decreases in share capital
• electing the Company's auditor
• making amendments to the Company's Articles of Association. 

At the AGM, every shareholder, as a main rule, has the right to vote for all of his or her shares. No limits on shareholders’ rights are stipulated in Axfood’s Articles of Association.

Decisions by the AGM are made by simple majority of available votes. However, to protect the interests of small shareholders, certain decisions must be made by a qualified majority of the available votes and shares represented at the meeting. In addition, as a general minority protection rule, the AGM may not make decisions that can improperly benefit certain shareholders over others, to the detriment of the Company or other shareholders.