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Dialogue of the deaf

Financial Times: Dialogue of the deaf

By Jane Fuller

Jun 15, 2004

What is the point of having meetings with shareholders to talk about corporate governance if there is no free and frank discussion of the alternatives?

This unsatisfactory state of affairs seems to be governing Royal Dutch/ Shell’s meetings with investors. Yesterday it was representatives of the Association of British Insurers who emerged disappointed from a meeting with Lord Oxburgh, acting chairman of the UK arm of the Anglo-Dutch oil group, and Sir Peter Burt, senior independent director. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Mail on Sunday: Chairman Jeroen van der Veer in frame over Shell scandal – could lead to 20 years in jail

Mail on Sunday: Chairman Jeroen van der Veer in frame over Shell scandal – could lead to 20 years in jail

Patrick Tooher,

6 June 2004

SHELL chairman Jeroen van der Veer could face criminal prosecution in the US after signing accounts that massively overstated oil and gas reserves.

The revelation is another blow to Shell. Throughout the reserves fiasco, it has presented van der Veer as Mr Clean.

Van der Veer is bound to be questioned again about his role in the scandal when he meets leading shareholders this week.

Financial Mail has established that van de Veer, ex-chairman Sir Philip Watts and former finance director Judy Boynton put their names to statements required by the Sarbanes-Oxley Act. The Act came into force in 2002 after the WorldCom and Enron scandals. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell UK bosses join push for single board

The Business: Shell UK bosses join push for single board

 

By Richard Orange

30 May 2004

 

DIRECTORS of Shell Transport and Trading, the British side Anglo-Dutch oil giant Royal-Dutch-Shell, have swung behind investors pushing for the company to unify its two boards.

 

A UK fund manager involved in meetings with directors on corporate government told The Business: “I’ve spoken to most of the Shell Transport board and they are very much in favour of changing the structure.”

 

British directors favour moving towards a unified structure, he said, but most would rather do so by appointing the same boards of Shell Transport and Trading and Royal Dutch. This would avoid the expense and legal headaches of unifying the UK and Dutch holding companies into a single listed firm. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Call to UK companies on risk controls

Financial Times: Call to UK companies on risk controls

 

By Jane Croft, Retail Banking Correspondent, in London

May 25, 2004 

 

All UK listed companies may soon be required to demonstrate the quality of their internal controls to their auditors for the first time, according to new proposals.

 

The Financial Services Authority, which is the UK’s financial regulator, believes auditors should be required to review 10 key audit and accountability areas included in the UK’s Combined Code on Corporate Governance.

 

The most important of these will be reviewing a company’s internal risk controls, which measure the reliability of a company’s financial reporting and risk management. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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