04.06.2015 - It’s all for one, not one for all, at Norway’s sovereign fund
Norway’s sovereign fund, one of the world’s biggest investors, is sick of companies putting all their directors up for a single take-it-or-leave-it approval vote. It wants to be able to pick off any bad apples individually. While individual director elections are usual practice in markets such as the UK, companies in places like Brazil, Chile, Indonesia and Turkey “routinely” put their entire boards up for shareholder approval in a single vote, according to the Norwegian fund. It is even the norm in developed markets such as Sweden and Finland – and is also common in countries like Greece, Italy, Mexico and South Korea...............................................Full Article: Source
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