Good morning, everyone. It's 10:00 A.M. Oslo time. Welcome to the annual general meeting of Agilyx ASA. My name is Geir Evenshaug. I'm a Partner with the law firm Schjødt and I've been asked by the board to open the meeting and make a record of represented shares and votes. We have approximately 43.7 million shares and votes represented at this meeting, which is equal to approximately 51% of the issued share capital. The exact numbers together with a summary of the votes cast in each matter will be appended to the minutes, which will be available later today. Item one on the agenda is election of the chairperson of the meeting and one person to co-sign the minutes.
The board has proposed that I chair the meeting, and I propose that Isabelle Haak, the General Counsel, co-signs the minutes together with me. We have no votes against that, so that is approved, and I will then continue as the chair of the meeting. Item two is the approval of the notice and the agenda for the meeting. There was against that, so that is approved as well. We can move on to item three on the agenda which is the approval of the annual accounts and annual report for the financial year of 2002. Again, we have no votes against, so the annual report and financial statements are approved. Item four is no voting matter. It's the board's report on corporate governance in accordance with the Norwegian guidelines for corporate governance.
This is included in the annual report. As I said, it is not a vote, a voting item so unless anyone has any questions to the corporate governance report, I will continue. There are no questions it seems, we can then move on to item five on the agenda, which is approval of the board's report on salary and other remuneration for the executive team. This is a statutory requirement under Norwegian law to present such a report. On item five, we have six million votes against, which represents approximately 13% of all voting shares at this meeting. Which again means we have a majority of approximately 87%, and the report has been approved. Item six on the agenda is determination of remuneration to the board of directors.
This proposal, which has been set out in the calling notice is then made by the company's nomination committee. On item six, we have no votes against, so the nomination committee's proposal for board remuneration has been approved. Item seven, on the agenda is determination of remuneration to the nomination committee. This is then proposed by the board as set out in the calling notice. On item seven, we have no votes against, so the board's proposal for remuneration to the nomination committee has been approved. Item eight, on the agenda is another remuneration item t his time it's the remuneration to the auditor. Also on item eight, we have no votes against, so the proposed resolution has been approved.
That brings me to item nine on the agenda, which is the board authorization to acquire own shares and this is basically just a renewal of an existing board authorization. On item nine, we have one point one million votes against, which is approximately 2.5%. We have a majority of approximately 97.5%, and the board authorization to acquire own shares has been approved. Item 10 is the board authorization to increase the share capital for general purposes. Again, this is a renewal of an existing board authorization. On item 10, we have four point two million votes against. That equals approximately 9.7% of all votes represented at this meeting, which means we have a majority of 92.3% approximately, and the board authorization in item 10 has been approved.
Item 11, is another board authorization to increase shares to increase the share capital. This time it is in connection with options and incentive programs. Again, it's a renewal of an existing board authorization. On item 11, we have four point two million votes against. Again, it's approximately 9.7%, which means we have a majority of approximately 92.3%. 91.3% to be exact o r 90.3%. Anyway, the proposed board authorization in item 11 has been approved. Item 12, which is the final item on the agenda is changes to the articles of association. These changes have been proposed due to some technical changes in Norwegian law, which comes into force in June.
On this item, we have 50 votes against, which basically means we have 99.9% majority. The changes to the articles of association have been approved. That basically concludes all of the matters on the agenda. As I mentioned, the minutes with the more detailed summary of the votes cast will be available later today as usual. Unless there are any questions from anyone participating on this call, I will thank everyone for their participation. Thank you and goodbye.