- West Fraser Timber (WFG, Financial) held its Annual General Meeting with 75.75% of voting shares represented.
- All director nominees were elected, with notable high approval rates for Sean P. McLaren and Colleen M. McMorrow at 99.93%.
- The Say-on-Pay resolution for executive compensation was approved with 90.04% of votes.
West Fraser Timber Co. Ltd. (WFG) recently conducted its Annual General Meeting on April 23, 2025, in Quesnel, British Columbia, showcasing a robust shareholder engagement with 75.75% of the total voting shares represented. The comprehensive participation underscores shareholder interest and confidence in the company’s governance and strategic direction.
In the election of directors, all nominees were successfully elected. Sean P. McLaren and Colleen M. McMorrow achieved the highest approval ratings at 99.93%, reflecting strong shareholder support. Other directors, such as Hank Ketcham and Janice G. Rennie, also received substantial backing with approximately 90% approval, ensuring a stable and experienced board.
Shareholders approved the decision to maintain twelve directors on the board. Additionally, PricewaterhouseCoopers LLP was confirmed as the auditor for the company, highlighting continued commitment to rigorous financial oversight and transparency.
The Say-on-Pay resolution, which addresses executive compensation, received significant endorsement with 90.04% approval. This outcome affirms confidence in the company's compensation practices aligning with shareholder interests and corporate performance.
West Fraser Timber continues its operations as a leading diversified wood products company with more than 50 facilities across Canada, the United States, the United Kingdom, and Europe. The company remains committed to sustainable forest management while providing essential materials for construction, industrial, and consumer use. For further details, consult the company's reports on SEDAR+ and EDGAR or visit their official website.
