The recent move by Norges Bank Investment Management, one the world’s biggest investors that has access to Norway oil funds amounting to US$870bil, to be more transparent on its voting intention is something worth emulating.
A news report states that this shareholder activism pledge by the fund aims to make its intention public for “selected companies” before annual meetings next year. The report also states that the oil fund, that on average owns 2.5% of every listed European company and stakes in 8,000 businesses, would eventually reveal all of its voting intention beforehand.
