On April 2, 2024, Norges Bank Investment Management which manages the Norwegian Government Pension Fund and is one of The Walt Disney Company?s shareholders, stated that it voted for 11 of the company?s directors, withheld its vote from Mark Parker, the board chairman, and Norges Bank Investment Management mentioned that it did not use its 11th vote to support either of the candidates pushed by the two hedge funds Trian Investment Management and Blackwells Capital LLC. In addition, Norges Bank Investment Management stated that it did not vote for Mark Parker because shareholders, because shareholders have the right to seek changes to the board when it does not act in their best interest.