NETHERLANDS - The ABP pension fund, with €208bn (US$305bn) of assets under management, has announced the appointment of Paul Frentrop as head of corporate governance.
The post, which Frentrop is due to start in January 2008, will see him taking an active role in the corporate governance of the ABP funds.
In a statement, the pension fund said: “ABP pursues an active corporate governance policy in order to make a positive contribution to its investment results.”
Frentrop was director of Dutch Corporate Governance Services, the first shareholder activist organisation for institutional investors in the Netherlands, a company he founded in 1997.
As Global Pensions has previously reported, ABP is to separate its functions in order to comply with the terms of the Pensions Act 2007.
The reformed body will comprise a separate administration agency of a holding company, supervisory board and executive board to oversee administration, asset management services and communication.
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Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers