18.03.2015 - Norges Bank adds support to movement for ‘three and three’ proxy access in US
World’s largest sovereign wealth fund joins CalSTRS, BlackRock and ISS in push for proxy access. Norges Bank, which manages Norway’s $900 bn Government Pension Fund, has thrown its support behind a growing movement in favor of proxy access in the US under the so-called three-and-three guidelines, joining other heavyweight investors such as CalSTRS and proxy advisers such as ISS. The world’s biggest sovereign wealth fund, which accounts for 1 percent of shares owned worldwide, says it will vote in favor of proxy access proposals in the US this year for shareholders that have owned at least 3 percent of a company’s shares for at least three years...............................................Full Article: Source
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