Ownership steering

The State Pension Fund monitors the operations of its portfolio companies actively and seeks to pursue its objectives with respect to these companies in accordance with its investment policies. VER’s portfolio managers meet the management of portfolio companies regularly to form an idea of the company’s position and topical issues. In 2020, VER’s portfolio managers had approximately 130 corporate meetings with senior management. Because of the COVID-19 pandemic, most of the meetings were held remotely, either online or by phone. For the same reason, VER’s representatives did not attend any annual general meetings in the spring and early summer of 2020. However, VER did attend one extraordinary shareholders’ meeting later in the autumn.