Queen’s commissioner again under fire

The queen’s commissioner for the central province of Noord-Holland is again under fire, this time for refusing to give up his other job as chairman of the massive ABP pension fund, the Volkskrant reports on Friday.

Harry Borghouts, who avoided a no-confidence vote over the province’s loss of €78m in bankrupt Icelandic bank Icesave last month, said at the time that he would quit his additional jobs to focus on provincial affairs.
Now Borghouts says he will give up the chairmanship of ABP but not membership of the board itself. The job has a salary of €38,000 a year.
ABP is one of the biggest pension funds in the world but has seen its assets plummet because of the financial crisis.
Provincial councillors have given Borghouts until Monday to quit or face a no-confidence motion.

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