Norway fund flexes financial muscle

Norway is listed as the sixth least corrupt nation in the Corruption Perceptions Index

Norway's sovereign oil fund has taken aim at excessive executive pay.Pic: Getty
Norway is one of the world's leading petroleum exporters and the government manages the country's petroleum resources through extensive regulation.Pic: Getty

Norway's sovereign oil fund has taken aim at excessive executive pay, which should act as a wake-up call for publicly listed firms as the massive fund is valued at €900 billion and, on average, owns 1.5 per cent of every listed company.

In the last year, Norway's sovereign wealth fund has voted against executive ...