AkzoNobel announces shareholder meeting on Axalta merger proposal

The governance package includes shifting to annual director re-elections after an initial three-year period, versus five years previously.

It also sets a two-thirds non-executive director approval threshold during the first three years for key board and executive appointment decisions and pay-policy changes.

Akzo Nobel will hold an extraordinary general meeting in Amsterdam on Aug. 5, 2026, tied to its pending all-share merger of equals with Axalta.

Shareholders will vote on the merger, alongside the proposed governance framework for the combined coatings group.