Norges Bank

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.

The general meeting of Harris Corporation will take place on 23 October 2009. The general meeting of Parker Hannifin will take place on 28 October 2009. The general meeting of Cardinal Health Inc. will take place on 4 November 2009. The general meeting of Clorox Company will take place on 18 November 2009.

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Published 2 October 2009 10:00