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Shell Plans Team Performance Bonus Scheme From January

THE WALL STREET JOURNAL: Shell Plans Team Performance Bonus Scheme From January: “intended to help rebuild the company’s credibility.”

DOW JONES NEWSWIRES

Posted 30 August 04

LONDON — Royal Dutch/Shell (RD) confirmed Sunday plans to launch from January 2005 a company wide bonus scheme that places focus on team performance.

Shell confirmed a report that appeared in the Sunday Times.

“Multiple score cards will be replaced by single group score cards focusing on the execution of strategy, delivery of operational objectives and Enterprise First. Enterprise First addresses the importance of group needs over the needs of individuals or operating units,” said Shell spokeswoman Lisa Givert. “This is still subject to discussion but we will have new scorecards in place for the calendar year 2005 bonus schemes.”

The Sunday Times report quoted Shell ‘s chairman of the committee of management, Jeroen van der Veer, as saying that about 90,000 employees would be eligible for the bonus scheme, which is intended to help rebuild the company’s credibility.

-By Jonathan Fox, Dow Jones Newswires; +44 (0)20 7842 9459; [email protected]

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