Role model

Norway's Norges Bank Investment Management - held up as the role model for sovereign wealth funds - did name a new team of executives last year after it posted a record loss due to the financial crisis.

Still, Temasek is not exactly coddling its key managers.

Its compensation framework is aligned to performance. And as it noted, the bonus pool that pays out over 3-12 years has been wiped out.

This article was first published in The Business Times.