Norway Reviews Ethical Governance and Disclosure Rules for State Investments

A commission reported on 15 October that Norway should revise aspects of the ethical guidelines governing its sovereign wealth fund. Recommendations include changes to the role of the Council on Ethics and how assessments of companies are disclosed, but the proposals still require consideration by the government and relevant authorities. Financial institutions and regulated companies require compliance reviews, audit trails and governance systems to track changes in investment policy. The review concerns the fund’s ethical framework; no separate legal advisory contract value was disclosed in the report.