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
|