OSLO May 9 Norway's $938-billion sovereign wealth fund, the world's largest, will vote in favour of Royal Bank of Scotland's new remuneration policy, the fund said on Tuesday.
The bank plans to simplify the executive compensation framework and to reduce maximum award levels, in line with the wealth fund's broader policy on remuneration.
"We commend the (RBS's) Board's willingness to challenge conventional thinking on remuneration," the fund said in a statement. (Reporting by Camilla Knudsen, editing by Nerijus Adomaitis)
BRIEF-Eldorado gold provides an update on Kisladag operations
* Eldorado Gold Corp- Kisladag is now expected to produce approximately 38,400 ounces of gold in Q2 of 2017 and about 90,000 ounces of gold for first half of 2017
BRIEF-Melior provides update on progress of strategic plan
* Melior provides update on progress of strategic plan and agrees to amend loan facility