As the World Economic Forum kicked off in Davos this week, Nicolai Tangen, CEO of Norges Bank Investment Management — known more colloquially as Norway’s “oil fund” — issued a clear directive to the boards of companies in which the fund invests:
"We expect boards to sharpen up," Tangen wrote in a Financial Times article. "They must become increasingly effective in overseeing business strategy and management in a complex business environment".
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