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British pension fund USS withdraws Akzo Nobel board nomination proposal

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British pension fund USS withdraws Akzo Nobel board nomination proposal

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LONDON (Reuters) – British pension fund investor USS on Thursday said it planned to withdraw a proposal to nominate Eric Meurice to the supervisory board of Dutch paintmaker Akzo Nobel <AKZO.AS>. “Asking two extremely strong candidates to compete against each other for a single position, as has regrettably been decided by Akzo Nobel, is not the best way to achieve the strongest board for the company,” it said in a statement.

(Reporting by Maiya Keidan, editing by Simon Jessop)
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