Abstracts » Business, international

Ahold settles charges in SEC investigation without paying fine

Article Abstract:

Securities and Exchange officials cite Ahold N.V.'s willingness to perform thorough investigations of its operations as one of the reasons the U.S. regulatory agency let the Dutch supermarket conglomerate settle civil charges without requiring payment of a fine. The settlement followed a 1 1/2 year investigation by the Securities and Exchange Commission into alleged accounting irregularities and inflated financial reporting at Ahold and its subsidiary U.S. Foodservice.

United States, Legal issues & crime, FOOD AND KINDRED PRODUCTS, Legal/Government Regulation, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Capital funds & cash flow, Company legal issue, Cases, Food industry, Investigations, Accounting and auditing, United States. Securities and Exchange Commission, U.S. Foodservice, Financial misrepresentations, Financial misrepresentation, Food and beverage production/distribution software, Regulatory compliance, Subsidiaries, divisions and units, Van der Hoeven, Cees, Meurs, A. Michiel, Andreae, Jan

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Ahold CEO enters new waters

Article Abstract:

Ahold N.V.'s new chief executive, Anders C. Moberg, is taking over a company that is burdened by debt. The appointment of Moberg shows that Ahold is serious about dealing with its accounting problems.

Financial management, Finance, Chief executive officers, Company financing, Moberg, Anders C.

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Ex-CEO of Philips quits Ahold board amid controversy

Article Abstract:

Cor Boonstra has resigned his post from Ahold N.V.'s board of directors due to his failure to reveal a controversial share sale. Boonstra is the former chief executive of Philips Electronics N.V.

Boonstra, Cor

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