03.06.2015 - Norway’s oil fund criticises bundled board member voting
Norway’s NOK6.9trn (€812bn) sovereign wealth fund has spoken out against shareholder voting practices that stop asset owners from being able to single out individual company directors when they are unhappy with them. In a paper on the issue, Norges Bank Investment Management (NBIM), which manages the Government Pension Fund Global (GPFG), warned it may vote against whole boards if the system means it cannot express dissatisfaction with an individual member of that board...............................................Full Article: Source
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