Norway Sovereign Fund Gets Tougher on Executive Compensation

By Fund, SWF

Norway Sovereign Fund Gets Tougher on Executive Compensation

NBIM voted on 9,718 resolutions on executive remuneration in 2018. NBIM voted against 7.2% of them, compared with 6.9% in 2017 and 2.8% in 2016.

In 2018, regarding some top equity holdings for the sovereign wealth fund, NBIM voted against the combined CEO and Chairman roles in Amazon.com Inc.,

Total SA,

Johnson & Johnson,

Bank of America Corporation,

Verizon Communications Inc,

Pfizer Inc,

Exxon Mobil Corporation,

JPMorgan Chase & Co.,

Intel Corporation,

Merck & Co Inc.,

Chevron Corporation,

AT&T Inc.,

Procter & Gamble Co.

https://www.swfinstitute.org/swf-news/norway-sovereign-fund-gets-tougher-on-executive-compensation/

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