TOKYO -- Norway's sovereign wealth fund will vote against board nominations of Japanese companies it invests in that do not include any female directors, a move aimed at pressuring them to make their boards more diverse.
The world's largest sovereign wealth fund, with $1.26 trillion in assets under management, will implement the policy starting this year, said Carine Smith Ihenacho, the chief governance and compliance officer at Norges Bank Investment Management (NBIM).