Shareholders demand an investigation of management and call an extraordinary general meeting to vote on the future of chairman Antony Burgmans.
A Dutch court is expected to hear calls from shareholders today that an investigation should be ordered into the management of paint-making giant AkzoNobel, the owner of the Dulux brand.
The shareholders are bringing the case after the board rejected a takeover bid by US competitor PPG.
According to Reuters, the Amsterdam Enterprise Court will hear claims from shareholders over corporate governance at AkzoNobel, as well as a demand for an extraordinary general meeting to vote on the future of chairman Antony Burgmans.
Reuters writes: "Akzo has argued that the takeover would be bad for employees, that the companies' cultures don't me
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda