Shell News Friday 23 January, 2004
January 23rd, 2004:
Shell News Friday 23 January, 2004
Daily Mail: Rebels demand shake-up at Shell
By Brian O’Connor,
23 January 2004
DISSIDENT Shell investors are seeking a shake-up in the complex structure of the board and its committees. One result may be that an outside chairman is appointed when Sir Philip Watts steps down.
This would be a revolution for Shell, but big investors are in a revolutionary mood.
Though most boards now have a full-time chief executive and a part-time chairman, the UK company Shell Transport has traditionally had an executive chairman. So too has its sister company Royal Dutch Petroleum.