Gustavo Ballvé on February 20th, 2013
Corporate Governance, Food for thought, Home, Signal or Noise

Given its US$ 650 Billion AUM and US$ 380 Billion equity portfolio, one can assume that anything published by the Norway sovereign fund will be widely read. The main point (according to of this particular document, which is a discussion of which CG practices it expects from investees, is that “[CG] codes cannot substitute for judgment, in part because different companies face a diversity of challenges that can justify a wide variety of governance structures.” We even had a post called “Checklist governance” back in March 2010, so no problems here. That said, it is interesting to consider the depth in CG analysis that a fund with over 7,000 equity holdings (and many other stakes in other asset classes) can achieve. I should note that I haven’t read the entire paper yet.

You can browse all the articles we wrote on the “Corporate governance” topic here.

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