Norges Bank Investment Management, which manages the Norwegian Government Pension Fund and owned a 1.2% stake in Disney at the end of last year, has voted to re-elect the company’s directors, Reuters’ Svea Herbst-Bayliss reports. NBIM voted for 11 of the company’s 12 directors but withheld its vote from Mark Parker, chairman of Disney’s board, according to the report, adding that it did not vote for any candidates proposed by the hedge funds, Trian Fund Management and Blackwells Capital. More voting is expected on Tuesday before the company’s annual meeting on Wednesday.
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