SWFI First Read, April 18, 2017
Norway Sovereign Fund Supports Credit Suisse on Executive Compensation
Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, plans to vote in favor of Credit Suisse’s planned payouts to senior managers, according to a fund statement. NBIM agreed and welcomed the statement made by Credit Suisse’s board of directors on April 13, 2017 regarding a revision of executive remuneration.
“The board has listened to shareholder concerns related to remuneration resolutions,” the fund added.
KWAP Participates in Private Placement Deal of edotco
Kumpulan Wang Persaraan (KWAP) acquired a US$ 100 million ownership stake in edotco through a private placement deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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