Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global, will sponsor the Asian Corporate Governance Association (ACGA).
NBIM joined ACGA as a member in 2008 and is the association’s first so-called Foundation Sponsor. The sponsorship was recently created to strengthen the association’s financial base and enhance its ability to achieve tangible improvements in corporate governance in Asia.
“As a major investor in the region we have a long-term interest in corporate governance and the fair and efficient functioning of capital markets in Asia,” says Anne Kvam, NBIM’s global head of ownership policy. “ACGA has proven to be a highly competent and effective organisation in this area and their goals are well aligned with ours.”
ACGA is an independent, non-profit membership organisation dedicated to working with investors, companies and regulators in the implementation of effective corporate governance practices throughout Asia.