Akzo Nobel CEO Hans Wijers in in talks with the company’s supervisory board about freezing executive stocks and options when takeover rumours surface, a company spokesman has confirmed.

‘We do not want to give the impression that management has a financial interest in selling the company,’ the spokesman said.
The move follows a row over the €28m pay-off made to ICI boss John McAdam after the British company was rtaken over by Akzo Nobel.
In addition, Wijers thinks that senior staff should get the same pay-off deal when they leave a firm as ordinary workers – roughly one month’s salary for every year worked. ‘I do not see why they should get more,’ Wijers, a former economic affairs minister, told Elsevier magazine.