Norway’s $2.3 Trillion Wealth Fund Raises Concerns Over John Elkann’s Meta Board Role

Norway’s Government Pension Fund Global, the largest sovereign wealth fund worldwide, has chosen not to vote on John Elkann’s reappointment to Meta’s board. The fund expressed doubts about whether Elkann, who is Stellantis chairman and Exor CEO, can dedicate sufficient time to the responsibilities at Meta. Norges Bank Investment Management, which oversees the $2.3 trillion fund, highlighted these concerns as part of its governance stance.