October 26, 2017 / 11:17 AM / 2 years ago

British pension fund USS withdraws Akzo Nobel board nomination proposal

LONDON, Oct 26 (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.

“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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