Norwegian sovereign wealth fund opposes reappointment of Stellantis chairman as Meta director
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According to the fund's disclosed voting intentions, the fund abstained/withheld its vote on Elkann's reappointment, citing concerns that he does not have sufficient time and energy to devote to Meta's affairs. Elkann simultaneously serves as Chairman of European automotive giant Stellantis NV and as CEO of investment giant Exor NV. The fund unusually voted in favor of five out of ten shareholder proposals, including one requesting Meta to conduct and publish a data protection impact assessment report regarding its collection of user data from interactions with generative artificial intelligence (AI) chatbots for personalized advertising purposes.
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