The EUR 1.3bn ($1.5bn) Dutch pension organisation Nedlloyd Pensioenfonds (NPF) is planning to replace its current board with full-time staff.
The IPE website cited Frans Dooren, the scheme’s director, as saying the fund wants to boost its governing power by using professional expertise.
Dooren and Randy Caenen, head of finance, control and risk management, would become the executive part of the board, with current board members to become non-executives.
