Taking a leaf out of Norway’s book


  • Business Premium
  • Saturday, 16 Aug 2014

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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Short position

   

Next In Business News

Weststar Group�weighs US$300mil helicopter unit IPO Premium
Tengku Zafrul: Talk of global recession premature, unwarranted Premium
Ringgit appreciates versus US dollar, tracking positive yuan sentiment Premium
SCIB secures EPCC contract worth RM36mil Premium
Duopharma net profit rises 15% in 1Q Premium
Borneo Oil acquires 22.5% in MTSB for RM73.56mil Premium
Chin Hin to dispose of Solarvest stake for RM103.28mil Premium
Dialog's Q3 net profit slips to RM133.07mil, declares 1.30 sen dividend Premium
DNeX, Foxconn unit to build and operate wafer fabrication plant in Malaysia Premium
PetChem buys Perstorp in RM10.5bil deal Premium

Others Also Read