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technology12h ago
Key facts: Norway's fund to challenge Microsoft CEO's re-appointment; firm expands data centers
- Norway's $2 trillion fund will push Microsoft to report on human rights risks at its December meeting.
- The fund will oppose Satya Nadella's reappointment and pay at Microsoft.
- Microsoft runs 522 data centers and plans 411 more as it expands infrastructure.
- The expansion underlines Microsoft’s push to meet rising demand, especially from AI advancements.
- The moves come as investors scrutinize governance practices at major tech firms.
- The reference indicates the fund’s strategy includes backing shareholder proposals.
- The December 5 meeting is the key date for the fund's proposals on Microsoft governance.
- The fund’s stance targets both the CEO’s tenure and the organization’s pay structure.
- The report on human rights risks would be a governance-focused disclosure.
- The article cites Microsoft’s rapid infrastructure expansion as a backdrop to governance debates.
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