15.04.2015 - Norway oil fund begins policy of revealing how it votes
Norway’s $880bn oil fund will on Wednesday usher in a new era in corporate governance when it begins to disclose in advance how it will vote at companies’ shareholder meetings, in a bid to become a more active investor. As part of its initiative, the sovereign wealth fund – which is the world’s largest – will also reveal that it is backing shareholder resolutions at BP and Royal Dutch Shell to force the oil companies to reveal more about how they are tackling climate change. This year, the fund is aiming to give notice of its voting intentions at the annual meetings of up to 10 companies it backs, with the “clear ambition” to expand the practice to more of the 9,000 companies in which it holds stakes...............................................Full Article: Source
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