June 3, 2016: Samuel Ogundipe

The Shell Petroleum Development Company Limited, the Nigerian subsidiary of Dutch oil giant, Royal Dutch Shell, on Friday confirmed militants’ claims that a major damage was done to its oil installations in Delta State in the early hours of Friday, saying the attack had forced it to shut down crude exports indefinitely.

The statement corroborates earlier statements by the Niger Delta Avengers, a new militant group that has claimed responsibility for a series of attacks on oil installations, in renewed hostilities across the oil-rich region. read more

By REUTERS: PUBLISHED: 16:01, 24 May 2016

By Ron Bousso

THE HAGUE, May 24 (Reuters) – Investor discontent with Royal Dutch Shell over multi-million euro pay packages for its top executives rose sharply at this year’s annual shareholder meeting on Tuesday.

Although Shell’s shareholders approved the oil and gas group’s remuneration report, including chief executive Ben van Beurden’s 5.14 million euros ($5.74 million) package, 14.17 percent of investors opposed it, up from 3.84 percent last year.

Royal London Asset Management, which holds Shell shares worth nearly 1 billion pounds, said it was “disappointed” that van Beurden received very close to the maximum possible bonus in a year when the firm’s overall financial performance was weak. read more

Eoin O’Cinneide  24 May 2016 13:15 GMT

Shell came under fire at its annual general meeting on Tuesday as a delegate led a photographic demonstration against the Anglo-Dutch supermajor’s deep-water drilling plans in the US Gulf of Mexico.

Gulf Coast resident Monique Verdin turned up at the meeting at The Hague headquarters to display 10-foot prints of her photographs depicting what she says is the environmental and community impact of US Gulf drilling.

FULL ARTICLE

By REUTERS: PUBLISHED: 18:56, 23 May 2016

AMSTERDAM, May 23 (Reuters) – Dutch pension fund PGGM, a major shareholder in Royal Dutch Shell, criticised the company’s climate change policy on Monday, a day before Shell’s annual meeting.

“We are not yet convinced Shell has sufficiently internalised the consequences of climate change in its strategy and future plans,” the fund said in a statement published on its website.

But PGGM said it would not vote in favour of a resolution put on the shareholder meeting’s agenda by activist group “Follow This” directing the oil giant to transform itself into a “sustainable energy” company. read more

BOSSES at Royal Dutch Shell will face shareholders at the group’s annual general meeting tomorrow amid concern over the chief executive’s “unacceptable” £4million pay deal.

Investors have been urged to vote against the firm’s remuneration report in protest at Ben van Beurden’s pay for 2015, even though it marked a significant reduction from the £18.6million he was paid in 2014 in the wake of plunging profits.

Shell’s latest annual report revealed boss Mr van Beurden’s total pay for last year was £4.3million – a 77 per cent fall on 2014 after the tumbling cost of crude took its toll on the group. read more

Jillian Ambrose: 21 MAY 2016 • 7:47PM

Shell executives are braced for a shareholder backlash this week after influential retail advisor ShareSoc joined the growing rebellion against its multi-million pound executive pay.

The UK’s largest individual investor group will urge its 4,000 members to follow the lead of major Shell investor Royal London Asset Management and proxy institutional advisors in opposing Shell’s rising pay packet for boss Ben Van Beurden.

Mr Van Beurden is in line for a salary of £1.4m, a bonus of £3.5m, and a pension of £441,000 for 2015, despite reporting its steepest losses in 13 years and a planned job cull of 10,000. He has also received shares worth £9.7m, which vest in three years if he meets key performance targets. read more

Written by Keith Findlay – 18/05/2016 6:32 am

A representative of the native American Houma Nation Council will attend Shell’s annual general meeting next week to call on the board and investors to put an end to new offshore leases in the Gulf of Mexico.

Monique Verdin, who lives on the Louisiana coast, is travelling to Tuesday’s gathering in the Netherlands with the support of both the Indigenous Environmental Network (IEN) and UK Tar Sands Network (UKTSN).

IEN and UKTSN are pressure groups opposed to new drilling in the Gulf, claiming fossil fuel exploitation is causing major environmental damage in the region. read more

Rakteem Katakey: May 17, 2016

Two shareholder-advisory firms recommended investors vote against the Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden’s pay, saying his bonus is “excessive.” A third adviser said shareholders should give “qualified support.”

Van Beurden’s annual bonus, equivalent to 245 percent of his salary last year, was not acceptable, Pensions & Investment Research Consultants Ltd. said in an e-mail on Tuesday. Advisory firm Glass Lewis also said shareholders should oppose the pay deal. read more

“The peer group of four companies that Shell uses to benchmark its long-term incentive plans (L-tips) is too narrow and we remain concerned about the overly generous senior management pension plans.”

However, Royal London, which owns nearly £1bn of shares in Shell, said it acknowledged that the company had notched up several successes, including the completion of its £35bn takeover of BG.

Mr van Beurden stands to take home a salary of £1.4m, bonus of £3.5m, and pension of £441,000 for 2015. He also received shares worth £9.7m, which vest in three years if he hits a series of targets. read more

Translation of an article published 10 May 2016 by the Dutch Telegraph.

LONDON – The leading consulting firm Glass Lewis has criticized the bonus being paid to Shell CEO Ben van Beurden.

Glass Lewis has recommended shareholders to vote against the remuneration of the Directors at the shareholders’ meeting, according to the business newspaper The Wall Street Journal on Tuesday.

Van Beurden saw his salary drop by 8 percent over last year, but his bonus went up by 8 percent compared to 2014. read more

LONDON, April 21, 2016 /PRNewswire/ —

Royal Dutch Shell plc (the “Company”)(NYSE: RDS.A) (NYSE: RDS.B) announces that its 2016 Annual General Meeting (the “AGM”) will be held at the Circustheater, Circusstraat 4, 2586 CW The Hague, The Netherlands at 10:00 (Dutch time) on Tuesday May 24, 2016. The Notice of Annual General Meeting (the “Notice”) can be viewed and downloaded from http://www.shell.com/agm.

The AGM will be webcast on the day so shareholders unable to attend in person can still follow proceedings. More information about the webcast arrangements can be found in the Notice and via the website referred to above. read more

FROM A CONCERNED SHELL SHAREHOLDER

SEE: Netherlands: Protecting Companies That Dare To Report Fraud To Authorities

Last Updated: 21 April 2015

Article by Richard van Staden ten Brink

De Brauw Blackstone Westbroek N.V.

Richard van Staden ten Brink, one of our criminal enforcement partners, wrote an op-ed article in Het Financieele Dagblad of 30 March 2015.

It can happen to any company. An employee commits fraud for the employee’s own personal gain, for the company’s benefit, or both. In this situation, a company has no other option but to start an internal investigation and impose disciplinary action. Often at this stage, the Public Prosecution Service is unaware of the investigation, and the company needs to decide whether to report the matter to law enforcement authorities. read more

By John Donovan

Trouble is brewing for Shell in the UK as Shell pensioners revolt against the proposed change of name of their association. The “Shell Pensioners’ Association” (SPA) is open to all Shell pensioners in the UK and arranges a raft of social and other events through its Branch network. It also publishes a quarterly magazine, “SPA News”.

With the latest edition comes an announcement of a plan to change the name of the Club to “Shell Pecten Association” – the rationale being that younger new Shell pensioners are put off joining the SPA because they don’t wish to be seen as pensioners! No evidence to support this claim is provided. read more

By John Donovan

The Groningen gas field is a giant natural gas field located near Slochteren in Groningen province in the northeastern part of the Netherlands. Discovered in 1959, it is the largest natural gas field in Europe.

It is operated by the Nederlandse Aardolie Maatschappij BV (NAM), a joint venture between Royal Dutch Shell and ExxonMobil, with each company owning a 50% share. For decades all went well.

The venture was a money spinner for Shell, Exxon, the Dutch government and the local population. read more

LONDON, April 16, 2015 /PRNewswire/ —

Royal Dutch Shell plc (NYSE: RDS.A) (NYSE: RDS.B) (the “Company”) announces that its 2015 Annual General Meeting will be held at the Circustheater, Circusstraat 4, 2586 CW The Hague, The Netherlands at 10:00 (Dutch time) on Tuesday May 19, 2015. The Notice of Annual General Meeting (the “Notice”) can be viewed and downloaded from http://www.shell.com/agm.

The AGM will be webcast on the day so shareholders unable to attend in person can still follow proceedings. Details of the webcast arrangements can be found in the Notice of Annual General Meeting. read more

The Church Commissioners and Church of England Pensions Board have announced this week that they are in the process of co-filing shareholder resolutions on climate change at the AGMs of two of world’s biggest oil and gas companies – BP and Shell.

Church investors file shareholder resolutions at BP and Shell

By Edward Mason, Church Commissioners Head of Responsible Investment

The Church Commissioners and Church of England Pensions Board have announced this week that they are in the process of co-filing shareholder resolutions on climate change at the AGMs of two of world’s biggest oil and gas companies – BP and Shell. This is one of the ways in which the Church of England’s national investing bodies are deepening and strengthening their engagement with the businesses in which they invest on the ethical issues that are of the greatest importance to the Church. read more