Executive Board documents

This investment mandate has been issued by Norges Bank’s Executive Board to the Executive Director and Chief Executive Officer (“the Executive Director”) of Norges Bank Investment Management (NBIM), last amended 21 November 2012.

Laid down by the Executive Board 10^th June 2009. Last amended 23 January 2013

The principles for risk management in NBIM are based on the recognition that the investment activities differ in nature from the other functions performed by Norges Bank in its capacity as a central bank and that the risks arising from the investment management activities are of a different nature than those relating to such other functions. These risk  principles address the manner in which the portfolios shall be managed with respect to such risks and represent our objectives and commitment to risk management. Management of risks shall be embedded in NBIM’s practices and business processes, strategic planning, and change management procedures. They shall further include measures to control and validate the ongoing status of risks and the controls put in place to minimise such risks.

This job description was approved by the Executive Board of Norges Bank on 29 February 2012.

Laid down by Norges Banks Executive Board 8 June 2011.

Norges Bank is entrusted with the task of managing several portfolios and with it the requirement to establish, maintain and manage a suitable organisation to achieve the given strategy. The purpose of these principles is to define key aspects for the organisation of Norges Bank’s investment management activities, taking into account requirements laid down by fund owners.

Laid down by Norges Banks Executive Board 2 March 2011.

Norges Bank Executive Board has issued principles for compensation which sets out the framework for a remuneration system in NBIM, intended to contribute to the promotion of good management and control in the investment management activities, including prevention of excessive risk exposure and conflicts of interest.