natgillin/translations-raw huggingface dataset:
The Ministry of Petroleum and Energy is today announcing this year’s licensing round for the geologically well know areas on the Norwegian Continental Shelf – Awards in Predefined Areas (APA) 2015.
Olje- og energidepartementet utlyser i dag årets konsesjonsrunde for de geologisk kjente delene av norsk kontinentalsokkel - TFO 2015 (Tildeling i forhåndsdefinerte områder).
State Secretary Roger Østlie Sandum (The Socialist Left Party )
Tidligere statssekretær Roger Østlie Sandum (SV)
Born: 1970
Født: 1970
State Secretary Roger Østlie Sandum (The Socialist Left Party )
Tidligere Statssekretær Roger Østlie Sandum (SV)
State Secretary Åsa Elvik (Socialist Left Party )
Tidligere statssekretær Åsa Elvik (SV)
Born: 1979
Født: 1979
State Secretary Elisabet Dahle (Socialist Left Party)
Statssekretær Elisabet Dahle (SV)
Political Adviser Katrine Gramnæs (The Socialist Left Party)
Politisk rådgiver Katrine Gramnæs (SV)
Born: 1974
Født: 1974
State Secretary Ragnhild Setsaas (The Socialist Left Party)
Statssekretær Ragnhild Setsaas (SV)
Born: 1950
Født: 1950
Additional comments on tackling cross-border evasion
Tilleggsmerknader om grenseoverskridende skatteunndragelse
Although the current scandal involves Liechtenstein, it could have occurred elsewhere.
Selv om den aktuelle skandalen gjelder Liechtenstein kunne dette hendt hvor som helst.
It would be useful for the World Bank and the OECD to carry out this work through the International Tax Dialogue, an initiative launched by the World Bank, OECD and IMF in furtherance of the Monterrey Consensus.
Det ville være svært nyttig for Verdensbanken og OECD å kunne gjøre dette arbeidet gjennom the International Tax Dialogue, som er et initiativ fremmet av Verdensbanken, OECD og Det internasjonale valutafondet (IMF) i kjølevannet av the Monterrey Consensus.
Joint press statement
Joint press statement
More open and better integrated financial markets have benefited people and companies around the world.
More open and better integrated financial markets have benefited people and companies around the world.
They have lowered the cost of capital and encouraged greater competition in the provision of financial services.
They have lowered the cost of capital and encouraged greater competition in the provision of financial services.
Open and efficient markets depend, however, on international co-operation and respect for internationally recognised standards.
Open and efficient markets depend, however, on international co-operation and respect for internationally recognised standards.
OECD members have worked towards these aims for some decades now.
OECD members have worked towards these aims for some decades now.
Investment vehicles backed by governments, known as sovereign wealth funds (SWFs), are becoming increasingly important players.
Investment vehicles backed by governments, known as sovereign wealth funds (SWFs), are becoming increasingly important players.
They contribute to their home country’s development, and can make vital capital available to ongoing businesses globally.
They contribute to their home country’s development, and can make vital capital available to ongoing businesses globally.
At the same time, their size and goverment links can raise concerns that they might affect global financial markets or act in non commercial ways.
At the same time, their size and goverment links can raise concerns that they might affect global financial markets or act in non commercial ways.
So while IMF members are discussing possible best practices for SWFs, OECD members are discussing a complementary approach ensuring that recipient countries respect principles of transparency and non-discrimination, yet allow legitimate measures to protect national security.
So while IMF members are discussing possible best practices for SWFs, OECD members are discussing a complementary approach ensuring that recipient countries respect principles of transparency and non-discrimination, yet allow legitimate measures to protect national security.
OECD is working with major non-OECD partners and will issue a report before mid-April.
OECD is working with major non-OECD partners and will issue a report before mid-April.
Weaknesses in the integrity of the global financial system have been highlighted by recent events involving tax evasion.
Weaknesses in the integrity of the global financial system have been highlighted by recent events involving tax evasion.
This issue involves more than a failure to adhere to international tax standards.
This issue involves more than a failure to adhere to international tax standards.
These major problems will occur in any jurisdiction that has not fully implemented OECD standards of transparency and exchange of information for tax purposes.
These major problems will occur in any jurisdiction that has not fully implemented OECD standards of transparency and exchange of information for tax purposes.
This is why it is time now for all countries to adopt effective exchange of information for tax purposes.
This is why it is time now for all countries to adopt effective exchange of information for tax purposes.
Moreover, international tax evasion only represents one instance where failure to recognise international norms can damage the integrity of the global financial system.
Moreover, international tax evasion only represents one instance where failure to recognise international norms can damage the integrity of the global financial system.
It can happen in many other areas.
It can happen in many other areas.
This is why the OECD has developed international rules to counter tax abuses but also to improve corporate governance and combat corruption.
This is why the OECD has developed international rules to counter tax abuses but also to improve corporate governance and combat corruption.
Other international organisations such as the FATF have developed standards against money laundering and terrorist financing.
Other international organisations such as the FATF have developed standards against money laundering and terrorist financing.
They are the most effective tools we have to avoid undermining confidence in the operation of international financial markets.
They are the most effective tools we have to avoid undermining confidence in the operation of international financial markets.
Project mandate
Utgiver: Finansdepartementet
i) Evaluation of NBIM’s historical track record:
i) Evaluation of NBIM’s historical track record:
Prepare a quantitatively based evaluation of the performance of NBIM’s active management.
Prepare a quantitatively based evaluation of the performance of NBIM’s active management.
The analysis should distinguish between the two asset classes (fixed income and equities) and, within the limits of available data, include a breakdown of performance by main active strategies that were used by NBIM in the evaluation period.
The analysis should distinguish between the two asset classes (fixed income and equities) and, within the limits of available data, include a breakdown of performance by main active strategies that were used by NBIM in the evaluation period.
The analysis should also cover the internally versus externally managed funds dimension.
The analysis should also cover the internally versus externally managed funds dimension.
Methodologies for evaluating return, risk and risk adjusted return may be adapted to the particular area under scrutiny.
Methodologies for evaluating return, risk and risk adjusted return may be adapted to the particular area under scrutiny.
Prepare a qualitatively based evaluation of NBIM’s active management.
Prepare a qualitatively based evaluation of NBIM’s active management.
This part of the report should include assessments of i.a.: the strategic plans for active management, the risk budgeting process, internal and external reporting of active management risks and return, and whether or to what extent the specific strategies that have been used in NBIM’s active management have been based on exploiting the characteristics of the Fund (cf. third bullet in iii)
This part of the report should include assessments of i.a.: the strategic plans for active management, the risk budgeting process, internal and external reporting of active management risks and return, and whether or to what extent the specific strategies that have been used in NBIM’s active management have been based on exploiting the characteristics of the Fund (cf. third bullet in iii)
ii) Empirical studies of active management/tests of the efficient market hypothesis (EMH):
ii) Empirical studies of active management/tests of the efficient market hypothesis (EMH):
Describe briefly the efficient market hypothesis from a theoretical perspective.
Describe briefly the efficient market hypothesis from a theoretical perspective.
Present a survey of high-quality empirical studies of tests of the EMH in general with particular emphasis on tests of relevance to evaluations of active management performance, and discuss to what extent the relevance of the EMH varies across different markets and assets.
Present a survey of high-quality empirical studies of tests of the EMH in general with particular emphasis on tests of relevance to evaluations of active management performance, and discuss to what extent the relevance of the EMH varies across different markets and assets.
Evaluate the relevance of empirical evidence for the evaluation of active management of GPFG.
Evaluate the relevance of empirical evidence for the evaluation of active management of GPFG.
iii) Exploitation of the Fund's characteristics
iii) Exploitation of the Fund's characteristics
Assess whether or to what extent a large long term investor like the GPFG has comparative advantages and capabilities which justify utilizing significant resources on active management.
Assess whether or to what extent a large long term investor like the GPFG has comparative advantages and capabilities which justify utilizing significant resources on active management.
Assess whether or to what extent such comparative advantages can be implemented successfully in all asset classes included in the Fund’s investments, and discuss to what extent such comparative advantages and capabilities will affect the Fund’s capability to enter into new asset classes.
Assess whether or to what extent such comparative advantages can be implemented successfully in all asset classes included in the Fund’s investments, and discuss to what extent such comparative advantages and capabilities will affect the Fund’s capability to enter into new asset classes.
Describe and evaluate strategies that utilize possibly comparative advantages.
Describe and evaluate strategies that utilize possibly comparative advantages.
How can the risk/return-profile of each strategy be described in terms of a probability distribution of outcomes, and what is the verification horizon of each strategy?
How can the risk/return-profile of each strategy be described in terms of a probability distribution of outcomes, and what is the verification horizon of each strategy?
Address challenges in designing a proper (short term) incentive system for the active manager.
Address challenges in designing a proper (short term) incentive system for the active manager.
In the case of strategies with long verification horizons, would it be better to include such strategies in the strategic benchmark (possibly by using a dynamic asset allocation approach)?
In the case of strategies with long verification horizons, would it be better to include such strategies in the strategic benchmark (possibly by using a dynamic asset allocation approach)?
Mandate – Strategy Council 2013
Mandat for Strategirådet 2013
The purpose of the Government Pension Fund Global (GPFG) is to facilitate government savings to finance rising public pension expenditures, and support long-term considerations in the spending of government petroleum revenues.
Formålet med Statens pensjonsfond utland (SPU) er å støtte statlig sparing for finansiering av folketrygdens pensjonsutgifter og sikre langsiktige hensyn ved anvendelse av statens petroleumsinntekter.
The investment objective is to maximise the purchasing power of the fund capital, given a moderate level of risk.
Siktemålet med investeringene er å oppnå en høyest mulig internasjonal kjøpekraft av kapitalen i fondet innenfor et moderat nivå på risiko.
In this way, we aim to ensure that both present and future generations can benefit from our common national savings.
På denne måten søker vi å sikre at både dagens og framtidige generasjoner får mest mulig nytte av våre felles sparepenger.
The objective of good financial return is closely linked to the ambition to be a responsible investor.
Målet om god finansiell avkastning er nært knyttet til vår ambisjon om å være en ansvarlig investor.
The Fund’s role as a responsible investor is expressed, for example, in the Guidelines for Observation and Exclusion of companies which do not comply with minimum ethical standards.
Fondets rolle som ansvarlig investor er klargjort gjennom blant annet egne retningslinjer for observasjon og utelukkelse.
The Council on Ethics for the GPFG advises the Ministry on the observation and exclusion of companies based on these guidelines.
Etikkrådet gir råd til Finansdepartementet om observasjon og utelukkelse i tråd med disse retningslinjene.
Currently, the GPFG’s strategy for responsible investment comprises the following elements:
Fondets strategi for ansvarlig investeringspraksis omfatter i dag flere områder:
Observation and exclusion of companies
observasjon og utelukkelse av selskaper.
Both the Ministry of Finance and Norges Bank, in their respective capacities as owner and manager of the Fund, participate in international forums in which best practice RI is discussed and developed.
Både Finansdepartementet og Norges Bank deltar, som eier og forvalter av fondet, i internasjonale fora der god praksis for ansvarlige investeringer diskuteres og utvikles.
Purpose of the Strategy Council 2013
Formålet med Strategirådet 2013
The purpose of the Strategy Council is to contribute in strengthening both the legitimacy and foundation of the long-term investment strategy of the GPFG.
Formålet med Strategirådet er å bidra til å styrke legitimiteten til, og grunnlaget for, den langsiktige investeringsstrategien for SPU.
Through independent and critical reviews, the Council shall give advice on how to develop the strategy further, increase transparency and encourage debate on important decisions related to the management of the Fund.
Gjennom uavhengige og kritiske evalueringer skal Strategirådet gi råd om hvordan investeringsstrategien kan videreutvikles og bidra til økt åpenhet og debatt om viktige valg knyttet til fondets investeringsstrategi.
Measures/basis for assessment
Virkemidler/vurderingsgrunnlag
The Council members shall prepare a public report and give a presentation of the report.
Rådets medlemmer skal utarbeide en offentlig rapport og legge fram denne
The main focus of the report shall be on the overarching strategy for RI, building on the experience of the work so far and comparisons with other funds.
Hovedvekten av rapporten skal være på fondets overordnede strategi for ansvarlig investeringspraksis og bygge på erfaringer med arbeidet så langt og sammenlikninger med andre fond.
The report shall not give an evaluation of Norges Bank’s operational management of the GPFG or the Council on Ethics’ recommendations on observations and exclusions.
Rapporten skal ikke evaluere Norges Banks operative forvaltning av fondet eller de tilrådinger Etikkrådet har avgitt om observasjon og utelukkelse.
The report of the Graver Committee discussed the issue of consistency between Norwegian policy in different areas and the ethical guidelines of the Fund.
Allerede i rapporten fra Graver-utvalget ble spørsmålet om konsistens mellom norsk politikk på ulike områder og etiske retningslinjer for fondet diskutert.
Experience shows that this issue is still relevant.
Erfaringer viser at denne problemstillingen fortsatt er aktuell.
These experiences should be part of the basis for the Strategy Council’s assessment.
Disse erfaringene bør være en del av vurderingsgrunnlaget for Strategirådet.
Priorities for the 2013 report
Prioriteringer i rapporten for 2013
The report should review and comment on the overarching objective for the GPFG’s RI-strategy and compare this with comparable objectives expressed by comparable funds.
Rapporten skal vurdere og kommentere målene for SPUs ansvarlige investeringspraksis og sammenlikne disse med tilsvarende mål for sammenliknbare fond.
The report should discuss current best practices for RI amongst other funds and compare the findings with the GPFG’s strategy for RI.
Rapporten skal omtale beste praksis for ansvarlig investeringspraksis hos andre fond og sammenlikne funnene med strategien for ansvarlig investeringspraksis i SPU.
The report should discuss the role the Fund’s contributions to research, analysis and international initiatives can play in development of best practice.
Rapporten skal omtale hvilken rolle fondets bidrag til forskning, utredning og internasjonale initiativer kan spille i utviklingen av beste praksis.
The assessments in the report should cover both the fixed income and equity portfolio of the GPFG.
Vurderingene i rapporten skal omhandle både obligasjons- og aksjeporteføljen til SPU.
The report should assess operational risks in the current setup, and may propose measures to reduce those risks.
Strategirådet kan foreslå tiltak det anser vil redusere slik risiko.
The report may propose changes to strengthen the work on RI, including operational and institutional changes.
Strategirådet kan foreslå endringer det mener kan styrke arbeidet med ansvarlig investeringspraksis, herunder operasjonelle og institusjonelle endringer.
The report should be presented no later than end of October 2013.
Rapporten skal legges fram innen utgangen av oktober 2013.
The company will use chemicals in the dressing process but none of these contain hazardous substances.
Virksomheten vil bruke kjemikalier i den industrielle prosessen, men ingen av disse inneholder miljøgifter.
Nordic Mining ASA applied for a permit pursuant to the Pollution Control Act on August 8, 2008.
Nordic Mining ASA søkte om tillatelse til virksomhet etter forurensningsloven 8. august 2008.
The application has been subject to a broad consultation process.
Søknaden har vært på bred høring.
The risk of dispersion of particles from the sea tailing disposal site has been central to the assessment of the permit application.
Risikoen for spredning av partikler fra sjødeponiet har vært sentral i vurderingen av søknaden om tillatelse.
Elroy Dimson (Chair) is emeritus professor of finance at the London Business School and visiting professor at Cambridge Judge Business School.
Elroy Dimson (leder) er professor emeritus i finans ved London Business School og visiting professor ved Cambridge Judge Business School.
His research is primarily within asset management and investment strategy.
Hans forskningsinteresser er primært innen kapitalforvaltning og investeringsstrategi.
Recently he has looked at topics within responsible investments.
Han har nylig sett på temaer innen ansvarlige investeringer.
He has received many prizes, for example the Moskowitz Prize for 2012 for the article "Active Ownership".
Moskowitz prisen for 2012 for artikkelen "Active Ownership".
Dimson has published a number of articles and books.
Dimson har publisert en rekke artikler og bøker.
Dimson also chaired the Strategy Council in 2010 and 2011 and knows the GPFG well.
Dimson ledet Strategirådet også i 2010 og 2011 og kjenner SPU godt.
He has held a number of other positions, for example as editor of academic journals, member of various boards and investment committees and adviser to financial institutions and consultancies.
Han har hatt flere andre verv, bl.a. som redaktør av vitenskapelige tidsskrifter, medlem av flere styrer og investeringskomiteer og rådgiver for finansielle institusjoner og konsulentselskaper.
Idar Kreutzer heads Finance Norway (FNO), a trade organisation.
Idar Kreutzer er administrerende direktør i Finans Norge.
He worked at Storebrand from 1992 to summer 2012, the last 12 years as CEO.
Han var ansatt i Storebrand fra 1992 til sommeren 2012, de siste 12 årene som konsernsjef.
He is Chairman of Posten Norge and the Norwegian Refugee Council.
Han er styreleder i Posten Norge og i Flyktninghjelpen.
Kreutzer was a Council Member of the World Business Council for Sustainable Development and Chairman for 11 years, until 2012.
Kreutzer var rådsmedlem i World Business Council for Sustainable Development i 11 år, fram til 2012.
He is now Director of Responsible Investment at Principles for Responsible Investments (PRI).
Han er nå leder for ansvarlige investeringer i UN Principles for Responsible Investments (PRI).
Lake has broad and cutting edge knowledge of international responsible investment practice.
Lake har bred og oppdatert kunnskap om beste praksis internasjonalt for ansvarlige investeringer.
He regularly takes part in international contexts where responsible investment is discussed and in many projects where such practices are further developed.
Han deltar regelmessig i internasjonale sammenhenger der ansvarlig investeringspraksis diskuteres, samt i mange prosjekter der praksisen utvikles videre.
Lake is for example a member of the International Integrated Reporting Council's permanent working group.
Lake er bl.a. medlem av International Integrated Reporting Council sin permanente arbeidsgruppe.
Hege Sjo has extensive experience with the exercise of ownership rights.
Hege Sjo har lang erfaring med eierskapssaker.
She has been responsible for Continental Europe at Hermes Investment Management Ltd's ownership division in London.
Hun har vært ansvarlig for kontinental-Europa i Hermes Fund Management Ltd's eierskapsavdeling i London.
The company dedicates significant resources to ownership and has developed thorough competencies within the field of RI.
Selskapet har betydelige ressurser og kompetanse innenfor området ansvarlige investeringer.
Sjo has continued to work for Hermes after her return to Norway a couple of years ago.
Sjo har vært ansatt i Hermes også etter at hun flyttet hjem til Norge for et par år siden.
Sjo is a board member at Polarcus, Det norske oljeselskap, Wilh.
Sjo er styremedlem i Polarcus, Det norske oljeselskap, Wilh.
Wilhelmsen and Marine Harvest.
Wilhelmsen og Marine Harvest.
Laura Starks is a finance professor at the University of Texas.
Laura Starks er professor i finans ved University of Texas, USA.
She has extensive experience and has published a number of articles in recognised academic journals.
Hun er svært erfaren og har publisert en rekke artikler i anerkjente akademiske tidsskrifter.
Starks is a trustee for funds offered by the large American pension fund TIAA-CREF.
Starks er "trustee" for fond som tilbys av det store amerikanske pensjonsfondet TIAA-CREF.
She also holds various other positions.
Hun har også flere andre verv.
Pavan Sukhdev
Pavan Sukhdev
Members of the Strategy Council for 2010
Medlemmer av Strategirådet i 2010
Elroy Dimson is Emeritus Professor of Finance at London Business School.
Elroy Dimson er professor emeritus i finans ved London Business School.
Professor Dimson has taught Endowment Asset Management at London Business School, Cambridge University, and the Commonfund Institute at Yale University.
Professor Dimson har undervist om Endowment Asset Management ved London Business School, Cambridge University and the Commonfund Institute ved Yale Yniversity.
He has been an Associate Editor of the Journal of Finance, Review of Finance and other journals, and is co-author of the books Triumph of the Optimists and the Global Investment Returns Yearbook 2010 and Endowment Asset Management.
Han er også kjent som en av forfatterne av bøkene Triumph of the Optimist, Global Investment Returns Yearbook 2010 og Endowment Asset Management.
Professor Dimson was a member of the Ministry of Finance’s Advisory Council on Investment Strategy 2007-2009.
Professor Dimson var i perioden 2007-2009 medlem av Finansdepartementets råd for investeringsstrategi.
Antti Ilmanen is Senior Portfolio Manager at Brevan Howard.
Antti Ilmanen er porteføljeforvalter i Brevan Howard.