The appointment was the subject of a contentious hearing in parliament on Monday, in which Norges Bank's supervisory council, a watchdog appointed by parliament, sharply criticised the appointment, while central bank Governor Oeystein Olsen defended it.
Julie Brodtkorb, who heads the council overseeing the central bank, on Monday told parliament that there had been"a breach of guidelines, regulations and laws" during the hiring process. Defending the appointment however, Mr Olsen said Mr Tangen is now only a passive investor in AKO and that any potential conflicts of interest had been"eliminated for all practical purposes".
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »