Viking Magazine - February 2015 - 42

Fall Meeting 2014
Board Minutes
International Board of Directors
The Fall 2014 Meeting of the
International Board of Directors was
held November 12-15, 2014, at the Sons
of Norway Headquarters in Minneapolis,
Minnesota. The following Officers and
Directors were present: President Jon
Tehven, Vice President Ron Stubbings,
Secretary Dan Rude, Treasurer Ray
Knutson, and Directors Bob Hoover, Erlene
Stevenson, Marci Larson, Elaine Nelson,
Jon Grinde, Lyle Berge, Gloria Benazic and
Odd Harald Olsen. Attending from the staff
were Chief Executive Officer Eivind Heiberg
and Legal Counsel David Ness.
In advance of the formal meeting,
the board held a detailed training and
continuing education session related to
Sons of Norway operations, financials and
corporate governance.
A brief review of the agenda followed.
MOTION was made, seconded and carried
to approve the agenda.
Jeff Birdsley and Jon Augustine of BTC
Capital Management presented the
Sons of Norway investment portfolio.
There is slow, but consistent growth in
the economy which has led to a steady
increase in the Sons of Norway portfolio.
BTC Capital recommended revising
the Sons of Norway Investment Policy
to comply with the limits assigned to
swapped assets.
Controller Dean Nelson and Actuary
Dean Stiller reviewed the quarterly
financials. Director of IT Rachele Hockert
presented a brief review of Sons of
Norway's Disaster Recovery Program.
Fraternal Director Linda Pederson
explained the change of Tier 1 and Tier 2
42 VIKING FEBRUARY 2015
sonsofnorway.com
Lodge Awards to Large and Small Lodge
Awards. Foundation Director Cindy
Olson reviewed the Klubb Level of Giving
Program and the updated Charitable
Giving Seminar. Marketing Director
Leonard Carlson spoke of retiring FBCs,
Tom Arnold, Hans Christensen and LaRue
Hanson. Actuary Dean Stiller announced
that the new Simplified Issue Single Life
product is now available everywhere
except New York.
Vice President Stubbings proposes
working with the Vice Presidents and
Zone Directors from each District, having
multiple calls on the same topic so that
more people can become involved.
Director Marci Larson spoke of
the success of the 2014 International
Convention. She also made some
recommendations for future conventions,
including having Headquarters create and
generate the logo for the conventions
and offering seed money to the host
committee at the beginning of the
planning of the event.
Minutes were approved of the
following International Board Meetings:
November 6-9, 2013-approved; August
18-19, 2014 Pre-Convention Meeting
-approved; August 24, 2014 PostConvention
Meeting-approved; October
15, 2014 Code of Ethics E-mail Vote
Results-approved.
Blake Nelson, of Hellmuth and Johnson
updated the Board on the current real
estate market in the Uptown area.
Beth Michaels, President of Primer,
Michaels, led the Board through a selfassessment
analysis, reviewing the results
of the self-evaluation that the Board and
CEO took of its structure, practices and
governance policies a few months ago.
Beth Michaels then moderated an
afternoon session with the International
Board, Senior Staff and District Presidents'
Council reviewing current Strategic Plans
identified in the prior Board sessions.
The District President's Council, meeting
in Minneapolis at the same time as the
International Board, was invited to join the
Board of Directors. The following District
Presidents were present: Mark Agerter,
Chair, District 2; Barbara Olson, District
1; Mary Andersen, District 3; Martha
Elliott, District 4; Owen Christianson,
District 5; Mary Beth Ingvoldstad,
District 6; Erik Brochmann, District 7;
Per Mikalsen, District 8.
The District Presidents presented their
recommendations to the International
Board.
President Tehven related to the District
Presidents what has so far transpired
during the International Board Meeting.
The following Board of Directors
Committees met: Benefits Committee:
Erlene Stevenson, Chair; Bob Hoover, Lyle
Berge and Ron Stubbings; Corporate
Matters Committee: Marci Larson,
Chair, Jon Grinde and Dan Rude; Finance/
Investment Committee: Ray Knutson,
Chair, Elaine Nelson, Gloria Benazic and
Odd Harald Olsen.
MOTION was made by the Benefits
Committee to approve that paragraph
" 9 " be added under " For Lodges Planning
to Host a Convention " of the convention
Guidelines of the Board of Directors Policy
http://www.sonsofnorway.com
Viking Magazine - February 2015

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