Norway's $1.4 trillion wealth fund, the world's single largest stock market investor, is to step up pressure on the companies it invests in to have more women board members and to also reduce excessive executive pay, a top fund official said.
around a boardroom table has been shown to improve decision-making and corporate culture.
Since 2021, the fund has campaigned to boost the number of women on company boards and to consider targets if fewer than 30% of directors are female. "So far, we haven't looked at developing markets," said Smith Ihenacho. "We can step it up in Japan, increase the threshold from one to two ."
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