World's largest sovereign fund vows more transparency on shareholder votes
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OSLO (Reuters) - Norway's sovereign wealth fund, the world's largest with $1 trillion (815 billion pounds) worth of assets, will make its votes at shareholder meetings more transparent by explaining any opposition to board recommendations, it said on Wednesday.The fund, which invests around 70% of its portfolio in the stock market, has stakes in some 9,200 companies, owning 1.5% of all globally listed shares.In most cases, Norges Bank Investment Management (NBIM) will back a board's proposals at..