Corporate Governance
NBIM invests in equities in ca 7 900 companies. Corporate governance reflects how we exercise our ownership rights in these companies and hence influence the companies and markets in which NBIM invests.
According to the ethical guidelines for the Government Pension Fund Global, as laid down by the Ministry of Finance, the overriding objective of NBIM's exercise of ownership rights is to protect its financial assets.
The efficiency of share-voting systems
A Research Collaboration between NBIM and the Lindenauer Center for Corporate Governance at the Tuck School of Business, Dartmouth College (USA).
This research project examines the potential for increased harmonization of cross-border share-voting systems and proxy voting in the U.S. and member states of the European Union (EU).
The project publishes its results and findings on an ongoing basis through individual country reports. The first completed report, on Italy’s voting system, can be downloaded from the Social Science Research Network’s Electronic Paper Collection (SSRN), at http://ssrn.com/abstract=1431733
More on the project: Tuck-NBIM
Link to the Lindenauer Center: http://mba.tuck.dartmouth.edu/ccg/index.html
NBIM Investor Expectations:Water Management
The NBIM Investor Expectations: Water Management specify investor expectations for corporate erformance with regard to water management. The Expectations are directed to companies with operations or value chains in sectors and regions that are exposed to water scarcity, water pollution and other water-related risk.
NBIM Investor Expectations:Climate Change Management
The document sets out NBIM’s expectations as a long-term investor in relation to portfolio companies’ performance in the management of environmental and climate change issues.
The Expectations
NBIM Investor Expectations:Children's Rights
The Expectations are based on principles for preventive corporate action regarding the worst forms of child labour, the sustaining of a minimum age for labour, and the promotion of children’s welfare. The Expectations are meant to set a standard that global companies will be expected to meet.
Disclosure of voting records 2009
Voting is one of the most important tools an owner has to influence company boards. As part of NBIM’s increasing level of disclosure regarding our governance activities. No comments are made on specific voting decisions, but in the document
NBIM Proxy Voting Guidelines (PDF), one will find the basis for our decisions.
Disclosure of
voting records for 2009 –sorted by countries: