NBIM submits shareholder resolutions to four US companies

Norges Bank Investment Management (NBIM) has submitted shareholder proposals at four US companies; Harris Corporation, Clorox Company, Cardinal Health Inc. and Parker Hannifin Corporation, requiring that the companies have an independent chairman.

NBIM holds assets in excess of US$ 400 billion globally, of which US$ 66 billion is invested in US equities.

The general meetings of Harris Corporation, Clorox Company, Cardinal Health Inc. and Parker Hannifin Corporation will vote on proposals submitted by NBIM to amend the companies’ bylaws to require that the chairman of the board of directors be independent from the company.

The resolutions will be considered at the companies’ general meetings this Oct. and in Nov.

Read more on: NorgesBank.no

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