Norges Seeks Reforms in U.S. Governance
The world’s second-biggest pension fund has started a campaign to drive corporate governance reforms in the US by submitting resolutions to four US companies to appoint new independent chairmen.
Norges Bank Investment Management, which manages the $400bn in assets in the Norwegian state pension fund, is calling for a shareholder vote on separating the role of chairman from chief executive at Harris Corporation, Parker Hannifin, Cardinal Health and Clorox.
Source: Financial Times
