Norway fund flexes financial muscle

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

15th February, 2018
Norway fund flexes financial muscle
Norway's sovereign oil fund has taken aim at excessive executive pay. 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 pay proposals at Google parent Alphabet, JPMorgan and Volkswagen. While the fund maintains it prefers dialogue with companies, if the pay structures...

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