11.08.2014 - Norway’s sovereign wealth fund to reveal voting intentions to improve shareholder transparency
The sovereign wealth fund of Norway will begin to reveal how it intends to vote ahead of companies’ annual general meetings (AGM) from next year, in a move to improve transparency. The $860 billion (£515bn) pension fund is one of the world’s largest investors and its decision could represent a significant shift in shareholder activities. The move by the fund, which is managed by the Norges Bank Investment Management (NBIM), is chiefly an effort to improve transparency. The fund has said it also aims to expand its involvement in some of the companies it invests in, including engaging on environmental, social and governance (ESG) issues.......................................Full Article: Source
Print