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Christian Aid: Ethical Shareholders support call for Shell resolution

Ethical Shareholders support call for Shell resolution /09.03.06
Oil multinational Shell has accepted an Annual General Meeting resolution from ethical shareholders following a campaign by Christian Aid partner the Ecumenical Council for Corporate Responsibility and a call for support on Christian Aid’s website.
ECCR delivered the shareholder resolution, which calls for ‘a major improvement in Shell’s performance in terms of community and stakeholder consultation, risk analysis, and social and environmental impact analysis’, to the company last week.
It was signed by more than 130 shareholders representing well over 600,000 shares. Shell has informed ECCR that it has accepted the resolution and will circulate it to shareholders under the provisions of the Companies Act. The resolution will now be presented at Shell’s Annual General Meeting and voted on by its shareholders. ‘In a world where money talks, it is increasingly important that ethical shareholders make their views known to try and influence company behaviour,’ said Andrew Pendleton, Christian Aid’s senior policy officer.

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