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As part of a plan by Royal Ahold to present a proposal for a new corporate governance code to its shareholders at a meeting next month, the company has announced that two members of its supervisory board will step down.

Ahold's moves are in response to new Dutch government regulations.

Affected are Bob Tobin, who ran Ahold USA for the company, and Roland Fahlin, who ran the company's joint venture with ICA in Scandinavia. Both men were judged by Ahold as not being independent enough because of their prior relationships with the company. Replacements have not yet been named.

Ahold remains under investigation on both sides of the Atlantic because of its billion-dollar accounting scandal.
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