The Wall Street Journal: Royal Dutch In Dispute With Regulator Over Bonus
DOW JONES NEWSWIRES
May 15, 2004 8:09 a.m.
LONDON — Royal Dutch/Shell (RD, SC) has clashed with the Dutch financial regulator investigating the company’s reserves crisis over a bonus package granted to its chairman, the Financial Times reported Saturday.
The Netherlands Authority for Financial Markets, AFM, said bonus packages should be registered with them, but a Shell legal adviser said there is no legal obligation for the company to announce the potential multi-million pound share bonus plan for chairman Jeroen van der Veer at this time as the award is conditional, the FT said.