The Herald: Banks to help Shell restructure
“Shell is still facing a legal investigation into the reserves debacle”
BEN GRIFFITHS July 14 2004
TROUBLED oil giant Shell yesterday appointed City banks Citigroup and NM Rothschild to help it decide on the options for changing the company’s structure and governance.
An internal steering group, set up a month ago, is investigating the scope to simplify Shell’s board and group management structures.
The move follows the Anglo-Dutch company’s humiliating admission it had overbooked oil and gas reserves by 20% which led to the ousting of several senior executives including Sir Philip Watts, the group’s chairman, and sent the share price tumbling.
Shell is still facing a legal investigation into the reserves debacle by regulators including the US Securities & Exchange Commission, the UK Financial Services Authority and the US Justice Department. It also faces lawsuits from shareholder groups.
Since the annual meetings of Amsterdam-listed Royal Dutch Shell and UK-based Shell Transport & Trading, the steering group has been in discuss-ion with major investors. Shell has said it intends to publish the results of the review of governance and structure in November so that it can present solutions to shareholders at its annual meeting in April 2005.
The scandal over Shell’s reserves recategorisation highlighted a failure amongst top figures on the committee of managing directors, which has been in place since 1907 to oversee both companies, to communicate mounting problems.
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.
