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Norway Wealth Fund Asks Boards to Set Gender Diversity Goals

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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.