| The world's biggest sovereign wealth fund has thrown its weight behind the push for shareholders in US companies to be allowed to propose their own candidates for boards of directors.
Norway's $860bn oil fund on Friday published a position paper on so-called proxy access, which gives shareholders a formal right to propose their own director candidates alongside those named by the current board, writes Richard Milne, Nordic Correspondent. The fund said: A confident, well-functioning board will not fear the right of proxy access. We will not be supportive of directors who seek to undermine shareholder efforts to introduce proxy access rights...............................................Full Article: Source
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