Olav Breivik was elected for the 10th year in a row as chairman of Viken Skog. Erland Lundby from Hurdal was re-elected as deputy chairman.
Chairman of the selection committee, Andris Kvam, said that it is important to have Olav Breivik still at the helm until the Company has arrived at a decision on a new factory in Treklyngen Industripark, Norway.
The annual meeting of Viken Skog was held at Thorbjørnrud Hotel in Jevnaker.
There was some discussion about the size of the amount to be paid in arrears. After a vote, it was finally decided by the annual meeting to set aside NOK 30 million ($2.9 million) as a back payment on the average timber deliveries from the unit owners over the past five years. This amounts to approximately NOK 17 ($1.6) per cubic meters of timber.
It was also decided to transfer NOK 100 million ($9.7 million) to the afterpayment fund.
The annual meeting went on to support the board's proposal to pay out a dividend of 4.5% on mandatory unit contributions and 5.5% on additional unit contributions to the unit owners.
Viken Skog SA is a forest owners' cooperative for more than 9,000 share owners in Viken, Vestfold-Telemark and Innlandet, Norway.