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Norway's sovereign wealth fund to scrutinise executive pay at firms

Fund's move may boost vigorous shareholder opposition to high director salaries

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Growing shareholders' revolt against excessive director remuneration has gained impetus from Norway's 7,000 billion kroner (S$1.16 trillion) sovereign wealth fund.

London

GROWING shareholders' revolt against excessive director remuneration has gained impetus from Norway's 7,000 billion kroner (S$1.16 trillion) sovereign wealth fund.

During the past few years, Norge Bank Investment Management (NBIM) has generally followed other major