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Royal Dutch Shell cavalier approach to corporate governance

Extracts from an article by Alex Brummer published on 6 March 2014 by thisismoney.co.uk (The Daily Mail)

Screen Shot 2014-02-10 at 16.29.29Royal Dutch Shell has often shown a rather cavalier approach to corporate governance. Its annual general meetings have become a battle ground over directors pay with institutional investors notably concerned over less than stretching bonus arrangements.

There has also been irritation over the failure to fulfil an undertaking to hold parallel annual meetings in London and the Hague.

It is a general principle on the London Stock Exchange that all shareholders, from the smallest private investor to big institutions, receive price sensitive information at the same time. So it is unfortunate that Shell chose selectively to release details of its views on Scottish independence before the new chief executive Ben van Beurden formally confirmed that the oil major – a key player in the North Sea – wants Scotland to remain part of the United Kingdom.

FULL ARTICLE

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