Press Release 15 March 2013: The Ecumenical Council for Corporate Responsibility (ECCR) challenges Royal Dutch Shell (RDS) to have greater transparency in its forthcoming AGM arrangements and increased commitment to ensuring the voices of UK shareholders are heard.
UK investor coalition ECCR has expressed deep dissatisfaction with Shell over its plan to restrict access to its 2013 AGM to shareholders who are present in The Hague and the ramifications this decision has for British shareholders in the company. In previous years’ AGMs the company has allowed British shareholders to participate from London via a live audio-visual link.
ECCR has voiced concern for how the new arrangements – made without consultation with ECCR or other regular UK AGM attendees – will limit the ability of British shareholders to fully exercise their rights as owners of the company. A proposed replacement event – a presentation in London by the Chief Executive Officer and Chief Financial Officer – is inadequate as non-executive directors such as the Chair of the Remuneration Committee will not be present therefore drastically limiting the range of questions that can be asked and adequately answered.
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