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"Codes cannot substitute for judgement," writes John Carney, welcoming Norway's $600B sovereign...

"Codes cannot substitute for judgement," writes John Carney, welcoming Norway's $600B sovereign wealth fund coming out against the current wave of good corporate governance pablum. So what? The fund is $600B in size and is among the top 10 shareholders in 2.4K companies. When it talks, people listen.
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