Norway's sovereign fund to focus on high executive pay
The world’s largest wealth fund is looking for a first company to target, with its focus on pay in the coming months. “We have so far looked at this in a way that has focussed on pay structures rather than pay levels,” Yngve Slyngstad, Chief Executive of the fund said. “We think, due to the way the issue of executive remuneration has developed, that we will have to look at what an appropriate level of executive remuneration is as well.” Norway’s fund has been pushing to be more active in corporate governance matters such as the election of directors and board composition. But it has previously refrained from taking a view on executive pay.