Norway Wealth Fund Asks Boards to Set Gender Diversity Goals

Norway’s sovereign wealth fund wants the companies in which it invests to start living up to explicit gender diversity goals.

The world’s biggest wealth fund, which oversees about $1.3 trillion from its head office in Oslo, said boards on which women make up less than 30% of the total should consider setting targets for gender diversity, according to a position paper published on Monday. The idea is to try to end the “persistent underrepresentation” of women on corporate boards.