Governance model

Has laid down the formal framework for the fund  in the Government Pension Fund Act.

Has the overall responsibility for the fund’s management and has issued guidelines for its management.

Norges Bank has been tasked with the management of the fund, and its Executive Board has delegated the operational management of the fund to Norges Bank Investment Management. Supplementary governing documents are laid down for the fund’s management.

Has the overall responsibility for implementing requirements defined by the Executive Board. The CEO sets policies and delegates mandates and job descriptions to the leader group of Norges Bank Investment Management.

Sets guidelines and delegates work tasks and investment mandates within their delegated areas of responsibility.