ZAANDAM, The Netherlands, March 02, 2004 (PRIMEZONE) -- Ahold today announced that Institutional Shareholder Services ("ISS"), the world's leading independent proxy firm, recommends Ahold shareholders to support the proposed changes in the company's corporate governance to be discussed at the Extraordinary Meeting of Shareholders being held on March 3, 2004 in The Hague.
Ahold is the first Dutch company to propose to amend its articles of association to reflect the recommendations of the Tabaksblat Corporate Governance Code. Shareholders are also asked to approve the terms governing the conversion of cumulative preferred financing shares into common shares, and to approve the remuneration policy of the Executive Board. In addition, shareholders will be provided with information on current investigations and lawsuits.
Background on ISS
Headquartered in Rockville, Maryland, ISS serves more than 950 institutional clients throughout North America and Europe, analyzing proxies and issuing informed research and objective vote recommendations for more than 10,000 U.S. and 12,000 non-U.S. shareholder meetings each year. With more than 15 years of experience and a respected team of U.S. and international research analysts, ISS is an authority on corporate governance.