NORWAY - Managers at the Norway Government Pension Fund -Global are flexing their corporate governance muscles and demanding that Volkswagen call off its planned acquisition of luxury car maker Porsche.
Norges Bank Investment Management (NBIM), which runs the pension fund's assets, said the companies have failed to prove there is no conflict of interest inherent in the deal, and that the terms fav...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
