Tag Archives | Norges Bank

Norges Bank responsible-investment-2015

Norges Bank: Responsible Investment

Norges Bank published their second annual report on responsible investment of the Government Pension Fund Global. They clarified expectations towards companies in 2015 and are creating a model I hope many will follow The report provides a comprehensive review of work by Norges Bank on responsible investment in the management of the fund. Key areas […]

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Financial Economics of Climate Change

Research proposals on the Financial Economics of Climate Change are being sought by Norway’s sovereign wealth fund (Norges Bank). Proposals are due March 13, 2016. Norges recently awarded two research grants, one for a project on portfolio choice for long-term investors and another for an investigation of the effectiveness of engaged ownership. The objective of the […]

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Plundered Nations? Successes and Failures in Natural Resource Extraction

Rethink Resource Extraction

Norway’s Resource Extraction The Government Pension Fund Global (Norges, the Norwegian sovereign wealth fund), is one of the world’s largest funds initially funded by resource extraction.  Learn about its history, objective and management in the video clip below. The fund is saving for the future generations in Norway; where is the American equivalent? To achieve broad […]

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Norges Bank

Norges Bank Issues ‘Position Paper’ Supporting Proxy Access

Norges Bank, a long-time proponent and supporter of proxy access, issued Proxy Access at US Companies. Since it is very brief, I reproduce the text below. As reported by FT, Norway’s oil fund joins push for proxy access in US and others, Norges will also start publicizing its voting intentions before annual meetings. I hope others will follow […]

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Norges Bank

Norges to Announce More Proxy Votes in Advance of AGMs

The Norges Bank Investment Management (Norges), the largest sovereign wealth fund in the world, will publish its voting intentions prior to annual general stockholder meetings (AGMs) when it believes such action can help illustrate an important principle. (Norwegian oil fund to disclose voting intentions to illustrate ‘principle’) (more…)

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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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Bank of America (BAC) Faces Proxy Access on May 8th

John Harrington, of Harrington Investments, will present his proposal on proxy access at the upcoming Bank of America (BAC) meeting on May 8th in Charlotte, North Carolina. It will be the first time language modified to provide a floor for retail nominators of at least 1/2% will be voted on. That modification was made in an attempt […]

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Upcoming Proxy Access Votes

Loren Steffy, of the Houston Chronicle, and Sean Quinn, of the ISS Governance Institute, had recent posts about proxy access and upcoming votes. At Hewlett Packard a shareholder access proposal was withdrawn after the company agreed to sponsor a (more…)

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15th Proxy Access Proposal of Season Filed at Nabors

Bermuda-based energy-drilling contractor Nabors Industries Ltd., already being sued by shareowners over executive pay issues now faces a proxy access proposal filed by CalSTRS and nine public pension funds from Connecticut, Illinois, New York and North Carolina. The company’s stock has lost about a quarter of its value this year. According to New York City Comptroller John C. Liu, who […]

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