The support by the world’s largest fund for a shareholder resolution calling for annual election of all directors filed by an individual is a development of enormous significance, especially since it was announced ahead of the vote to nudge other investors to support it as well. This is especially important right now because, as the…
Tag: Norges
Norway to ditch oil stocks from Norges Bank fund – Central Banking
Norway’s government has asked the central bank to sell any oil stocks held in its sovereign wealth fund, after a review concluded this would reduce the economy’s exposure to oil price risk.The Government Pension Fund Global, managed by Norges Bank, is built on the revenues from Norway’s oil industry. But by investing in stocks related…
Norway Sovereign Wealth Fund Is Refusing to Be Silenced – Bloomberg
Norway’s $960 billion sovereign wealth fund, the world’s biggest, is taking a stance against equity indexes including companies that aren’t subject to shareholder control. The move opens a new front in the fund’s efforts to use its considerable—and growing—clout to force companies to improve their ESG act. Source: Norway Sovereign Wealth Fund Is Refusing to…
Norwegian oil fund attacks VW corporate governance – FT.com
Norway’s $850bn oil fund does not like commenting about individual companies it owns shares in. It usually goes out of its way to avoid saying anything about any of its more than 9,000 investments. But Volkswagen is starting to become the exception that proves the rule. The world’s largest sovereign wealth fund has become increasingly open…
