Voting reviews

Our voting first half 2024

We voted at 8,277 shareholder meetings and on a total of 90,449 proposals in the first half of 2024.In this review, we look at trends and outcomes, including on key topics such as board composition and executive pay. We discuss how sustainability issues are reflected in our voting, including how we are pushing for progress on climate risk mitigation.

How we voted

Voting is one of our most important tools of influence as an owner. We vote to express our views as an owner, promote long-term value creation by companies and safeguard the fund's assets.

8,277

shareholder meetings voted at

90,449

resolutions voted on
95

We voted in line with the board's recommendation in 95 percent of all resolutions

We voted against management in 5 percent of the resolutions in the first half of 2024. The rationale for votes against are expressed in our position papers and our global voting guidelines. 

Some of the reasons we voted against were:

  1. Board independence.
  2. Combined chair/CEO roles.
  3. CEO pay.
  4. Holding the board accountable.
  5. Board gender diversity.
Changes happen quickly. As an investor, our job is to stay ahead of the curve, yet we remain a long-term owner. We want companies and fellow investors to understand our positions, and to be a transparent and predictable global shareholder.
Nicolai Tangen
CEO of Norges Bank Investment Management

Invested in 8,763 companies and market participant in 71 countries

We engage with regulators, international organisations and standard setters to contribute to the development of standards that help raise the bar for all companies in areas such as corporate governance, responsible business conduct and sustainability reporting. We also participate in the development of best practices for responsible investment.

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