Two heads are better than one

Norges Bank Investment Management (NBIM), who manager Norway's massive state pension is forcing four U.S firms to assign separate people to the positions of CEO and Chairman of the Board.

Good!

This is very good news. This introduces internal control and accountability. Evidently, this is fairly common practice in Continental Europe, Canada and Australia.

More on this shareholder action:

• Someone to watch over [The Economist]
• Norges seeks reform in U.S. Governance [The Financial Times]