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Shell News Archive Wednesday 23 November, 2005

Shell News Archive Wednesday 23 November, 2005

Financial Times: The clockwork mind in Shell’s high echelons: “She is also one of the five executive directors of a business that has been through two years of hell, following the huge overstatement of its oil and gas reserves that led to the removal of Sir Philip Watts, the chairman, and two other directors, fines of about $150m and a corporate governance overhaul. Restoring morale and rebuilding the group’s shattered reputation are inevitably top priorities. Earlier this year, an internal survey found that fewer than half the 112,000 employees thought the company was well led. But are those executives who belonged to the previous senior team tainted by association? “It’s something that we can’t worry about,” Ms Cook says briskly. “Worrying about reputation or morale isn’t going to change it.”: “But the group faces another major headache – delays and cost overruns at some ofits biggest projects, including Sakhalin-2, its flagship Russian project. With hindsight, it is clear that Shell underestimated the enormous challenges involved in Sakhalin, she says.”: Posted Wednesday 23 November 2005: READ read more

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