GAPP Principle 9

The operational management of the SWF should implement the SWF’s strategies in an independent manner and in accordance with clearly defined responsibilities.

Status: Implemented

The Ministry of Finance has issued a mandate to Folketrygdfondet detailing the management assignment of GPFN within clearly defined responsibilities. Folketrygdfondet executes investment decisions and exercises ownership rights independently of the Ministry within the limits of the management framework. See reply to principle 6, 7 and 8 for more details.

Sources: Government Pension Fund Act, GPFN mandate.