KEY QUESTIONS FOR CONSIDERATION Was the divestiture of Wal-Mart stock consistent with the ethical and economic mandates of the Norwegian Fund? Were there alternative courses of action which could have been pursued by the Ethics Council or the Minister of Finance? Should the final divestiture decision lie with the Minister of Finance? Would you recommend an alternative approach to Norway SWF? What are the potential implications of the Norwegian Fund's divestiture of Wal-Mart stock? Consider this from the perspective of Wal-Mart, including potential impact on its shareholders and relevant stakeholders. Also consider the impact of the divestiture on Norway's fund members. Should other companies the Norwegian Fund invests in be concerned in light of the Wal-Mart divestiture? What should Ray Bracy's plan of action be now that Wal-Mart stock has been divested by Norway? Recommend a plan involving internal and external actions by Wal-Mart. KEY QUESTIONS FOR CONSIDERATION Was the divestiture of Wal-Mart stock consistent with the ethical and economic mandates of the Norwegian Fund? Were there alternative courses of action which could have been pursued by the Ethics Council or the Minister of Finance? Should the final divestiture decision lie with the Minister of Finance? Would you recommend an alternative approach to Norway SWF? What are the potential implications of the Norwegian Fund's divestiture of Wal-Mart stock? Consider this from the perspective of Wal-Mart, including potential impact on its shareholders and relevant stakeholders. Also consider the impact of the divestiture on Norway's fund members. Should other companies the Norwegian Fund invests in be concerned in light of the Wal-Mart divestiture? What should Ray Bracy's plan of action be now that Wal-Mart stock has been divested by Norway? Recommend a plan involving internal and external actions by Wal-Mart