The Independent: Shell set to unify boards to quell investor anger
“Some analysts say the structure has prevented Shell from making bold strategic decisions”
BY ANDREW CALLUS
Posted 5 August 04
ROYAL DUTCH/SHELL is set to unify the boards of its Dutch and British holding companies as a “minimum” concession to shareholders who want change.
The company is six weeks into an internal review of its board structure and is understood to also be considering more radical changes, including a full merger or a takeover of one holding company by the other.
“Both boards accept now that the status quo is not an option,” a senior source said. “They know that the absolute minimum they are going to get away with is a unified board.”