| The world's biggest fund is to use its huge influence to vote against fat cat pay and boardroom bad behaviour. Norway's sovereign wealth fund - which has £595bn ($NZ1,240 billion) invested around the globe - will break its silence on excessive salaries at major companies and plans to shame the top payers.
It is a highly important move as the fund holds a stake in most of the world's biggest firms. Last week the fund took the first steps towards a more active role on pay when it voted against a bonus plan at mining firm Weir that would have seen directors get a huge pay-off regardless how the company performed. It also voted against the £7.2m pay of Anglo American boss Mark Cutifani...............................................Full Article: Source
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