| The world’s biggest sovereign wealth fund is increasingly concerned that company boards are overburdened and in danger of losing out to private equity groups in recruiting the best directors. Yngve Slyngstad, chief executive of the manager of Norway’s $870bn oil fund, told the Financial Times that listed companies were neglecting their core role of making their businesses more profitable.
“Is it possible that we are burdening the boards with so many different tasks that the main task and focus of the board, which is to create long-term profitable companies, will be inundated by all other types of issues?” Mr Slyngstad asked..............................................Full Article: Source
|