The purpose of the activities of Joint Stock Company “Latvia’s State Forests” (LVM) is administration of state-owned forest property and management of public forest, ensuring preservation and increase of its value and generation of revenue for its owner – the State.
The highest executive body of LVM is the Board. As at 31 December 2014, the LVM Management Board consisted of 4 members: the Chairman of Board and 3 Members of Board.
LVM manages and administers 1.63 million ha of land, including 1.60 million ha of forest land, which incorporates 1.41 million ha of forest. The territories under the governance of LVM, in respect of which the main management goal is production of high quality timber, comprise 1.17 million ha of forest.