Business News

The election committee’s recommendation to the extraordinary general meeting in Norske Skog

Thursday 10. January 2008 - The election committee of Norske Skog is appointed pursuant to the articles of association.

Pursuant to the articles, it will comprise the chair of the corporate assembly and three members elected by the general meeting for one year at a time. The election committee consists of Helge Evju (chair), Idar Kreutzer, Ole H. Bakke and Gunn Wærsted. Wærsted is not a member of the corporate assembly.
The election committee has sought advice from the largest Norwegian and foreign shareholders concerning candidates for the board and corporate assembly and possible other considerations of significance for the election committee’s work. Based on this, the election committee has had dialogue with a list of shareholders.
The shareholder Unionen AS has requested that an extraordinary general meeting be held.
The same shareholder has proposed two alternative candidates as members of the corporate assembly and one as member of the election committee.
The election committee believes the threshold for making changes in the governing bodies of the company at other occasions than the regular general meeting should be high. In the period leading up to the regular general assembly in April 2008, the election committee will pursue a broad and thorough dialogue with the company’s shareholders about candidates for the company’s governing bodies.
Recommendation:
The election committee recommends that the extraordinary general assembly maintain the present composition of the corporate assembly and the election committee of Norske Skogindustrier ASA.