Daily Telegraph: Shell can be sure of strife
By Nina Montagu-Smith (Filed: 28/06/2004)
Oil giant Shell is preparing for a rough ride from shareholders at today’s annual meeting, at which institutional investor Isis plans to ask for greater clarification about its plans to improve corporate governance.
Although concern over such issues has been to the fore since Shell’s announcement in March that it had overstated its proven oil reserves by 20pc, shareholders are also upset about environmental issues and a £1m payoff for chairman Sir Philip Watts, who resigned in March.