“Across many markets, competition for listings has led to changes to the frameworks that protect minority shareholders. Some changes reflect legitimate improvements, but others weaken the investor protections that anchor market confidence and integrity. In global markets, changes in some jurisdictions create pressure on others to follow. This trend is concerning and can affect long-term value creation across global portfolios.”

[COMMENTARY] The weakening of shareholder rights is likely to affect those shareholders and groups pushing companies towards better sustainability and ESG practices.
Shareholder Rights Under Pressure, by Carine Smith Ihenacho, Snorre Gjerde, and Deena Elmeged, Norges Bank Investment Management, October 5, 2026, Harvard Law School Forum on Corporate Governance, USA.