Shell call
Jun 10th, 2004
by John Donovan.
Daily Telegraph: Shell call
10 June 2004
Calpers, the US pension fund, is calling for Shell to appoint a committee of independent directors to undertake a rigorous re-examination of the group’s management, its succession planning, nomination of independent directors and composition of its board. The fund, which has a 0.6pc stake, said Shell’s Dutch board “has failed to respond effectively to shareowner demands”.
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Posted in: Daily Telegraph, Oil, Royal Dutch Shell Plc, Shell Oil Reserves Scandal.
Tagged: Calpers
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