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Norway Wealth Fund Steps Up Voting Against CEO Pay Packages

BNN Bloomberg

(Bloomberg) -- Norway’s $1 trillion wealth fund, the biggest of its kind, increased its votes against executive pay packages last year and said it engaged with companies in the auto sector on the use of cobalt. The fund had close to 1,500 “dialogues” with companies last year, but also divested 30 companies due to governance risks. It voted against 7.2 percent of resolutions on executive remuneration, up from 6.9 percent in 2017...

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