Norway’s Government Pension Fund Global, managed by Norges Bank Investment Management, withholds its vote on John Elkann’s reappointment to the board of Meta Platforms. The fund says it is concerned Elkann, who serves as chairman of Stellantis NV and chief executive of investor Exor NV, may not have sufficient time to devote to the Meta director role. The objections are tied to the practicality of managing multiple senior responsibilities while serving on Meta’s board. Bloomberg and The Next Web both report that the decision reflects the wealth fund’s governance approach when evaluating director appointments, particularly in cases where time commitments may be constrained by other major leadership roles. The fund’s position means Elkann does not receive the support of Norway’s largest sovereign wealth holder for this specific board reappointment. The reporting does not indicate that the fund is contesting Elkann’s qualifications in general, but rather that it raises concerns about whether he can meet the expected duties and oversight responsibilities as a Meta director.