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Dutch King dumps Shell shares out of reputational concern?

This implies that the King does not own shares in Shell, which has seen lots of negative publicity in the Netherlands and abroad over the past years…

King Willem-Alexander has no shares in companies that have the ‘Royal’ predicate, according to a message that appeared on the Koninklijk Huis website on Thursday. This implies that the King does not own shares in Shell, which has seen lots of negativeover the past years, ANP reports.

“The predicated does not mean that the company involved is a supplier or has a different relationship with the Royal Family”, the message reads. It does not state whether any other members of the Royal Family have or had shares in Royal companies.  

The fact that the Dutch King does not own shares in Royal companies is not a new development, government information service Rijksvoorlichtingsdienst explained, according to the news wire. The message was now placed on the Koninklijk Huis website “to avoid ambiguity in connection with questions that have arisen about it”. 

During a recent UN visit to Nigeria, Queen Maxima was called “the largest shareholder of Shell” in local media. It has often been said and written that King Willem-Alexander, and before him Queens Wilhelmina, Juliana and Beatrix, are large shareholders of Shell. The Oranjes fell out of the picture at Shell when it was legally stipulated that shareholders who owned more than 5 percent of a company’s shares had to give them up, but that did not put an end to the stories, according to ANP.

In the Netherlands a company needs to exist for at least 100 years before it can apply for the ‘Royal’ predicate. Companies that currently have that predicate include Ahold, DSM, Gazelle, Grolsch, KLM, KPN, Philips, Schiphol, and Shell. 

SOURCE

SELECTION OF NL NEWS ARTICLES RELATING TO SHELL’S REPUTATION

SHELL SHOULD HAVE BEEN MORE ASSERTIVE IN CLIMATE CHANGE WARNINGS, CEO SAYS: 16 April 2018

ENVIRONMENTAL GROUP SUES SHELL OVER CLIMATE DAMAGE: 4 April 2018

GAS FIRM TO WITHHOLD SHELL, EXXON PROFITS; PROMISES CASH TO EARTHQUAKE-PRONE REGION: 31 Jan 2018

SHELL TAKEN TO COURT OVER ELECTRIC CAR CHARGERS: 4 Dec 2017

SHELL INVOLVED IN MURDER, RAPE, TORTURE IN NIGERIA: AMNESTY INTERNATIONAL: 28 Nov 2017

VAN GOGH MUSEUM PROTESTED OVER TIES TO SHELL: 11 Sept 2017

SHELL DIRECTOR APOLOGIZES FOR PROBLEMS AT ROTTERDAM REFINERY: 1 Aug 2017

ACID LEAK AT SHELL REFINERY ROTTERDAM; SECOND INCIDENT IN TWO DAYS: 1 Aug 2017

SHELL TO CUT 400 DUTCH JOBS: 31 July 2017

NIGERIAN WIDOWS ACCUSE SHELL OF COMPLICITY IN EXECUTION-STYLE KILLINGS: 29 July 2017

SHELL ACCUSED OF IGNORING ITS OWN CLIMATE CHANGE WARNINGS FOR DECADES: 28 Feb 2017

SHELL, EXXON APOLOGIZE FOR GRONINGEN’S FRACKING: 8 Sept 2016

SHELL ACCUSED OF BLACKMAILING GRONINGEN ON EARTHQUAKE SAFETY, REPAIRS: 25 April 2016

SHELL INVESTIGATED IN NIGERIA BRIBERY ACCUSATION: 31 Mar 2016

BRABANT SHELL PLANT LEAKING TONS OF TOXIC GAS: 4 Feb 2016

SHELL CRITICIZED FOR $1.7 BILLION TAX REFUND IN POVERTY-STRICKEN NIGERIA: 19 Jan 2016

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