Abstract
The Norwegian state is one of the largest shareholders on the Oslo stock exchange, second after all foreign investors seen together, and controls important multinational companies. Norway also has, with its Norwegian Government Pension Fund Global (the ‘Oil Fund’), one of the world’s largest Sovereign Wealth Funds, invested in around 9000 companies globally. Because of the Norwegian state’s significant role, the analysis in this chapter concentrates on the Norwegian state influence on corporate governance in the companies it controls directly, the possible knock-on effect this has on corporate governance in Norway more generally, and the significance of the Norwegian-controlled oil fund for the development of corporate governance globally. The aim of this analysis is to investigate whether the Norwegian state in these capacities is promoting or hindering the transition of business towards sustainability, in Norway and through its global influence, also internationally.
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