The Board of Directors is responsible for the governance of the Company and for the proper organisation of its activities in accordance with the legislation and the Articles of Association. The Board of Directors establish the strategy, organisation, accounting and control of the Company and appoint the Managing Director and CEO, who acts in accordance with the orders of the Board of Directors and is responsible for the day-to-day management of the Company’s affairs. The Board of Directors held 5 full board meetings and one telephone meeting in 2010.

The subsidiary companies have in-house boards consisting of Green Resources’ employees.  The company has advisory boards with external members in all key countries of operations.

Juha Niemelä, Chairman

Joined the Board in 2008 as Vice Chairman. Born 1946. Finnish MSc in Economics and Business Admin., Turku School of Economics, Finland. Dr (Econ) h.c. 2000 and Dr (Tech) h.c. 2004. 1996-2004 CEO of UPM-Kymmene, 1993-1995 Executive Vice President, Yhtyneet Paperitehtaat Oy (UPM), 1983-1993 Vice President, UPM. Chairman of European Paper Industry Federation (CEPI) 2000-2001. Board Member in Merita-Nordbanken (Nordea) 1998-2000. Presently Chairman of Veikkaus Oy, the national lottery company of Finland, Board Member in M-real Oyj and Powerflute Oyj, paper and board companies.

Tom Vidar Rygh, Vice Chairman

Chairman from 2006-2009. Born 1958, Norwegian. MSc in Business  Administration, Norwegian School of Economics and Business Administration. CEO of Enskilda Securities 2002-04. Member of the Executive Committee/ Responsible for all Investments Orkla ASA 1988-2001. Financial Analyst/Fund Manager Orkla Ind. 1983-1988. Has acted as Chairman of Telenor, Findexa, Aktiv Kapital, Oslo Stock Exchange, Helly Hansen etc. and as Board Member of Storebrand, Eniro AB, Industrikapital Ltd., Carlsberg Breweries etc.

Mads Asprem

Member since 1995, Chairman 2004-6, Vice Chairman 2006-2008. Born 1961, Norwegian. BSc in Economics Wharton School, USA, 1983, MBA, Univ. of Chicago, USA, 1987. First VP, equity analyst and head of the global forest products and paper research team at Merrill Lynch 2000-05. Managing Director and head of forest products and paper global research team of Morgan Stanley 1991-2000. Equity analyst CSFB 1990-1991. Consultant Monitor Company 1987-89. Portfolio manager Storebrand 1984-85. Met as substitute member to the Norwegian Parliament. Established Green Resources in 1995 and took over as Managing Director in 2006.

Erik Bohler

Member since 2009 and shareholder since 2001.  Norwegian.  Leading Norwegian property developer. Managing Director of Scandinavian Development.

Liane Gaumont Luke

Member since 2008. Born 1951, United States. MBA in Finance, School of Management, Yale University.  Managing Director and Chief Timber Officer, FourWinds Capital Management, since 2006.  Member, Board of Directors, Phaunos Timber Fund Limited (LSE:PTF) since 2006.  Principal, Greenway Investments, since 2005. Principal and Managing Director, RMS Forest, 1998-2005.  Vice President, Hancock Timber Resource Group, 1996-1998

Odd Ivar Lovhaugen

Member since 1998. Born 1955, Norwegian. MSc in Forestry, Norwegian University of Agriculture Managing Director of Namsos Trafikklag since 2001. Managing Director of Green Resources 1998 - 2000. Chief Operating Officer of Statskog 1992-98. Senior Forest District Officer 1985-1992. Junior District Forest Officer 1981-84. Chairman Statskog Borregaard skogsdrift 1996-98.

Mutuma Marangu

Member since 2003. Born 1961, Kenyan / American. BA in Economics, Vassar College, USA, 1984; MPh in Econ & Politics, Cambridge, UK, 1987, MBA, Wharton School, USA, 1989. Market analyst and commodity trader, Glencore 1991-2003, commodity trader trainee, Phillip Brothers, 1989-1990, financial analyst, Morgan Stanley, 1984-86. Investor and Director in numerous renewable and non renewable energy and real estate companies in sub – Sahara Africa.

Kristoffer Olsen

Member since 1998. Chairman 1999 -2004. Born 1962 BSc in Economics, Wharton School, USA. MBA, INSEAD, France Chairman of Jotunfjell Parterns, a private equity and advisory company. Senior Partner Innovation Consulting 2001-03. Managing Director Scandinavian Retail Group 1996-98, Managing Director/Finance Director Voice of Europe, 1992-96. Project Manager/Associate McKinsey & Co, 1985-92.