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May 22nd, 2004:

A diplomatic antidote to Dutch helm disease

Financial Times: A diplomatic antidote to Dutch helm disease

 

By Martin Dickson

May 22, 2004

 

A little quiet diplomacy can do a lot of good. As we report today, big British and Dutch investors seem to be moving close to a common front on the changes needed in the way Royal Dutch/Shell is governed.

 

This is very good news, for in the wake of its oil reserving scandal the Anglo-Dutch group has seemed reluctant to embrace the kind of shake-up that is so clearly required. This particularly appeared to be the case at Royal Dutch, with non-executive directors at Shell Transport, the British side, evidently more willing to embrace change. read more

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

Governments are considering ways to shelter accounting firms from ruinous lawsuits

Financial Times: Governments are considering ways to shelter accounting firms from ruinous lawsuits

 

By Adrian Michaels and Andrew Parker

May 21, 2004

Posted 22 May 04

 

Parmalat, Hollinger, Royal Dutch/Shell, Nortel -the long wave of corporate scandal that began with Enron rolls on across the world, producing a flood of lawsuits from unhappy investors who want compensation from organisations they deem responsible for the destruction of wealth.

 

It is not just companies themselves that are being targeted; accountants are also on trial. Apart from numerous investor lawsuits where auditors are accused of wrongdoing in the audit of their clients’ financial statements, regulators are pursuing accounting firms in the US, the UK and Italy. read more

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

Shell investors near governance pact

Financial Times: Shell investors near governance pact

 

By Sundeep Tucker in London and Ian Bickerton in Amsterdam

Published: May 21 2004 22:00 | Last Updated: May 21 2004 22:00

 

Posted 22 May 04

 

Leading Dutch shareholders in Royal Dutch/Shell have stepped up contacts with UK investors in a joint drive for changes in structure and governance improvements at the embattled oil company.

 

Investors in both countries have agreed that change in governance, transparency and controls is essential if Shell is to recover credibility following this year’s reserves downgrades and management upheaval. read more

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