Tag Archives | NBIM

Leading by Example

Leading by Example: Proxy Pre-Disclosures Influence Outcomes

Leading by Example. Norges Bank Investment Management (NBIM) has already gained influence after deciding to pre-disclose its proxy votes its proxy votes (typically 5 days before AGM) beginning in 2021. Following NBIM’s pre-disclosure to vote against a proposal, opposition by other shareholders increases by approximately 2.7%. Compare that to ISS (12%) and Glass Lewis (6.5%). […]

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Norges Bank

Several nice articles appeared recently in the FT on Norges, the world’s largest sovereign wealth fund with $760bn in assets. Sorry, I didn’t save the titles but links to three are here, here and here.  Well worth reading at the source. With assets worth twice Norway’s annual non-oil economic output and after quadrupling in size in eight […]

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Proxy Access Proposed at Six More Companies

Norges Bank Investment Management (NBIM), manager of the $550 billion Norwegian Government Pension Fund Global, has filed shareholder proposals for binding bylaw proxy access proposals at six US companies (Wells Fargo, Charles Schwab, Western Union, Staples, Pioneer Natural Resources and CME Groupas) part of its efforts to strengthen shareholder rights. According to (more…)

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