https://www.cnbc.com/2025/11/30/norway-wealth-fund-to-vote-for-human-rights-report-at-microsoft-agm-against-management.html

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U.S. News

Norway wealth fund to vote for human rights report at Microsoft AGM,
against management

Published Sun, Nov 30 20253:13 AM EST
WATCH LIVE
Microsoft CEO Satya Nadella departs following a meeting of the White
House Task Force on AI Education in the East Room of the White House
in Washington on Sept. 4, 2025.
Eric Lee | Bloomberg | Getty Images

Norway's $2 trillion wealth fund said on Sunday it would vote for a
shareholder proposal at the upcoming Microsoft annual general meeting
requiring for a report on the risks of operating in countries with
significant human rights concerns.

Microsoft management had recommended shareholders voted against the
motion.

The fund also said it would vote against the re-appointment of CEO
Satya Nadella as chair of the board, as well as against his pay
package.

The fund owned a 1.35% stake worth $50 billion in the company as of
June 30, according to fund data, making it the fund's second-largest
equity holding overall, after Nvidia.

It is Microsoft's eighth-largest shareholder, according to LSEG data.

Investors in the U.S. tech company will decide whether to ratify the
proposed motions at the AGM on Dec. 5.

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