The Star.com: Royal Dutch/Shell close to shake-up
Saturday July 10, 2004
LONDON: Some of the most powerful figures within the Royal Dutch/Shell Group of companies are willing to concede shareholder demands for a unified board and a clearer management structure, the Financial Times reported, citing several people close to the situation.
Such a move would mark the end of a century-old governance structure whose effectiveness has been called into question by investors in the wake of the Anglo-Dutch oil group’s reserves crisis, the newspaper said.