Shareholders in Norway-based rig contractor Seadrill are understood to have agreed to accept the young daughter of Norwegian shipping magnate and majority shareholder John Fredriksen as a board member.

The young Fredriksen was voted in to become a director of the company and will fill one of two “casual vacancies” on the board, a Seadrill statement said Monday. Frediksen works for a trading firm and, since February 2008, has been on the board of tanker giant Frontline.

Shareholders are understood to have agreed to hire outside auditors PricewaterhouseCoopers in Oslo to determine what amount short of $600,000 was suitable as payment to board members.

Meanwhile, share capital worth $1.96 billion was understood to be made available to become dividend-yielding after being subject to a company financial check-up. A proposal was made and agreed to reduce the entire “share premium account” to zero and to then credit the “contributed surplus account”.

Tags: Seadrill