The general meeting is the company’s highest decision-making body and is the forum in which shareholders exercise their right to decide on the company’s affairs.

The ordinary general meeting (the annual general meeting) is held once a year in order to carry out tasks such as adopting the group’s annual report and accounts, discharging the members of the board of directors and the CEO from liability and deciding how the profit for the past financial year is to be allocated.

Extraordinary general meetings can be held where there is a particular need to do so.

H&M's Annual General Meeting 2021

On Thursday 6 May 2021 H & M Hennes & Mauritz AB held its annual general meeting under the chairmanship of lawyer Sven Unger. The AGM approved the board’s proposal that no dividend be paid and that the amount at the disposal of the meeting be carried forward.

Dividend comment, from the six-month report published July 1, 2021

The board aims for the H&M group to have sustainable and profitable growth, thereby allowing a good return to the shareholders.
The company’s financial position remains strong and the board’s assessment is that there will be very good prospects of a cash dividend in autumn 2021.
The board will come back later in the year with a proposed date and level for resuming the dividend.