Daily Telegraph: Isis heads for showdown at Shell meeting
By Christopher Hope, Business Correspondent (Filed: 15/06/2004)
Isis yesterday became the first big shareholder in Shell to say that it will attend the embattled oil and gas giant’s annual meeting this month.
The news is further evidence that pressure is growing on the beleaguered management to unveil large scale changes to the Anglo-Dutch company’s complex structure at the meeting on June 28.
Shell also said yesterday that it had moved the location of its London meeting – a separate one is held in the Netherlands – to a new venue that is five times bigger than the normal location.
The meeting is likely to be one of the stormiest in years as investors vent their fury in the wake of Shell’s admission in January that it had overstated its “proven” reserves by 20pc. Isis, which holds 1pc of Shell, forecast that “quite a number” of other big investors will attend. Such action is rare for big fund managers who prefer to carry out conversations behind closed doors.
Richard Singleton, head of corporate governance at the activist fund manager, said: “I look forward to hearing what they [Shell] are going to say.” Mr Singleton expected to see representatives from other big investors at the meeting. “I think quite a number will wish to go. It is unusual to have a meeting where one is promised significant new material.”
Shell has promised to provide an update to shareholders of its plans to reform its dual structure at the meeting. Shell is run by two boards. It is 60pc-owned by Royal Dutch, listed in the Netherlands, and 40pc-owned by Shell Transport and Trading, traded in London.
Mr Singleton said he was keen to hear about the progress of any changes: “The structure provides a lack of accountablility. But if one pushes too hard one could have the door slammed in one’s face.”
Other fund managers were less forthcoming about their plans. Standard Life Investments, which has 2pc of Shell, said it had not yet decided whether to attend.
A Shell spokesman said: “We are in dialogue with shareholders and take their concerns seriously but are unable to comment on individual meetings. All shareholders have the right to attend the annual meeting.”
The company has been in crisis since announcing that it had overestimated its proven reserves by 3.9billion barrels. Three further revisions followed, taking the total restatement to 4.47billion barrels.
It has moved the meeting’s venue from Westminster’s Queen Elizabeth Conference Centre, which can take up to 4,000 shareholders, to the ExCel centre, which can accommodate 20,000.
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.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
