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Banking

Norway fund wants more women on boards, concerned about excessive CEO pay

The trading floor of Norges Bank Investment Management, the Nordic countryÕs sovereign wealth fund in Oslo, Norway, June 2, 2017. REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsFund is world's single largest stock market investorWants more women on boards, eyes developing countriesConcerned about larger pay packages for CEOsARENDAL, Norway, Aug 18 (Reuters) - 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...
Funds

Analysis: A year on, Europe less fearful of U.S. green subsidies push

Inflation Reduction Act raised fears of investment shift to U.S.EU decision to relax state aid rules has helped ease fearsEU working on more legislationCritics say EU legislation favours big states, big companiesBRUSSELS, Aug 17 (Reuters) - When the United States launched its massive green subsidies push a year ago, many in Europe feared it would be a fresh blow to their regional economy grappling with the knock-on effects of war in Ukraine and lingering aftershocks of the COVID-19 pandemic.Yet while critics argue the European Union has yet to offer a...
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