#GAReads | World’s largest sovereign wealth fund piles pressure on firms to put more women on boards
“World’s largest sovereign wealth fund piles pressure on firms to put more women on boards”:
Norway’s sovereign wealth fund, which is the world’s largest at over 11 trillion Norwegian kroner ($1.3 trillion), is wielding its power to push the companies it invests in to put more women on their boards.
Norges Bank Investment Management, which manages the fund, set out its position on board diversity in a paper released Monday.
It said the companies it invests in should consider setting targets for gender diversity where either gender has less than 30% representation on their boards and to report on progress.