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Posts under ‘Shell AGM’

Royal Dutch Shell – Staying True To The Plan

Summary

  • Royal Dutch Shell has had a difficult time since the start of the oil crash. However, the company has an impressive portfolio and is executing on its plan.
  • Royal Dutch Shell continues to earn tens of billions of dollars annually. The company is investing heavily in growth and buying back shares.
  • I recommend interested investors take advantage of the current share prices given the company’s strength.

Royal Dutch Shell (RDS.A) (RDS.B) is an integrated oil company, one of the largest in the world. The company has a market cap of more than $250 billion and pays investors a very respectable dividend in the high-single digits. As we will see throughout this article, Royal Dutch Shell’s asset portfolio, growth, and potential make the company a strong investment.

Royal Dutch Shell Asset Portfolio

Royal Dutch Shell has an incredibly strong asset portfolio that will provide it with both strong production and strong cash flow. read more

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Shell boss hit by shareholder revolt over £8m pay

A quarter of Shell shareholders turned on Ben Van Beurden after he pocketed €8.9m (£7.8m)

Jillian Ambrose: 

The boss of Royal Dutch Shell has suffered a bruising shareholder revolt after more than a quarter of its investors voted against his multi-million euro payout for last year.

Ben Van Beurden pocketed €8.9m (£7.8m) for 2017 after trebling the company’s profits to $12.1bn (£9bn) as the oil giant staged an impressive recovery from a crash in prices.

But shareholders took against the FTSE 100 boss after an accident in Pakistan last year claimed the lives of more than 200 people in an explosion of a fuel tanker operated by one of the energy giant’s subsidiaries. read more

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Shell shareholders adopt CEO pay by 75 percent majority

FILE PHOTO: Ben van Beurden, CEO of Royal Dutch Shell company, speaks during a meeting with Russian President Vladimir Putin in Moscow, Russia June 21, 2017. REUTERS/Sergei Karpukhin

Reuters Staff: May 22, 2018

THE HAGUE (Reuters) – Royal Dutch Shell (RDSa.L) shareholders on Tuesday approved the 2017 management remuneration, including Chief Executive Officer Ben van Beurden’s 8.9 million euro ($10.51 million) package, by a majority of 75 percent.

The 2016 remuneration resolution won the support of more than 92 percent of shareholders. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Investors turn up heat on Shell over climate targets

Ron Bousso: MAY 22, 2018

THE HAGUE (Reuters) – Top investors in Royal Dutch Shell on Tuesday stepped up pressure on the oil and gas giant to commit to hard targets to reduce greenhouse gas emissions to battle climate change.

Shell has set out “ambitions” to halve carbon emissions by 2050 and expand in renewables energy, which Chief Executive Officer Ben van Beurden said were ground breaking for the oil industry.

To view a graphic on Shell emissions, click: reut.rs/2Iya7Hf

“Nobody else comes close, it is seriously ambitious,” van Beurden said of Shell’s plan at the company’s annual general meeting in The Hague. read more

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Shell urged to resist calls to fall into line with Paris climate accord

20 MAY 2018 • 7:30PM

Britain’s largest shareholder advisory groups have called on investors in Royal Dutch Shell to reject growing demands for the oil giant to take full responsibility for its impact on the environment.

Shell faces a binding shareholder vote tomorrow to decide whether to adopt rigorous accountability standards to bring its operations into line with the Paris climate agreement. Glass Lewis and ISS have urged shareholders to reject the “unduly burdensome” and “problematic” proposal. read more

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More investor rebellions brew as BP and Shell bosses’ pay comes under fire

Alys Key: Retail and leisure reporter: Tuesday 15 May 2018

More shareholder rebellions are brewing as a summer of AGM revolts gets underway, with oil and gas companies the latest to face the music.

Shareholders in BP are being urged to vote against the “unacceptable” pay of chief executive Bob Dudley, whose remuneration is 48 times higher than the company’s average employee.

Advisory service Pensions & Investment Research Consultants (Pirc) advised shareholders to oppose the company’s remuneration report at the annual general meeting on 21 May. read more

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Shell Faces Shareholder Outcry Over Incident That Killed 200

BY Kelly Gilblom: 14 May 2018, 12:02 BST

Royal Dutch Shell Plc will face difficult questions at its annual general meeting next week after an investor-advisory group urged shareholders to challenge executive pay and the company’s response to a fatal accident in Pakistan. 

Institutional Shareholder Services Inc., an influential adviser on corporate governance, has recommended investors reject Shell’s pay report at its AGM on May 22, saying it was initially “silent” on the Pakistan incident. ISS also said it could only offer “qualified support” to the re-election of the independent director looking after corporate social responsibility.  read more

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Shell’s CEO Tells Activists and Investors: Trust Me to Cut CO2

Chief Executive Officer Ben van Beurden has the same message for activists seeking to bind Royal Dutch Shell Plc to deep emissions cuts, and investors concerned about the merits of shifting away from oil and gas: Trust me.

He advised shareholders on Monday to reject a resolution from climate group Follow This that would set clear targets for the company’s greenhouse-gas emissions, more specific than its current broad “ambition.” He also reiterated his intention for Shell to make most of its money from clean energy in 20 years, such as renewables, hydrogen or carbon capture in 20 years.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

FT: Shell likely to face activist challenge to shift away from fossil fuels

|By: , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) likely will face a shareholder resolution calling at its May annual meeting for a radical shift away from fossil fuels, highlighting mounting pressure on big oil companies over global warming, Financial Times reports.
  • Shell has gone further than most peers by announcing last November a goal to reduce its carbon footprint by 50% by 2050, but climate activists are disputing its claim that its goal is in line with the Paris agreement.
  • “The ambitions announced by Shell are inconsistent with the Paris agreement, in particular when taking into account expected global energy demand growth,” according to Follow This, the shareholder group that has submitted a resolution calling for more aggressive targets.
  • Activists say Shell’s goal for a 50% reduction actually would be 25% in absolute terms if the company maintains its share of a global energy market that is forecast to grow by 50% by 2050.
  • read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Activist investor ramps up pressure on Shell to act on climate change

    By REUTERSPUBLISHED: 22:15, 21 December 2016

    By Karolin Schaps

    London, Dec 21 (Reuters) – Oil major Royal Dutch Shell is facing rising pressure from shareholders to shield its business from climate change threats and to play a bigger role in lowering global carbon emissions.

    Activist shareholder group Follow This, representing some of Shell’s retail shareholders, will put forward a resolution at next year’s annual shareholder meeting requesting Shell to set targets for annual greenhouse gas emissions reductions, its founder told Reuters. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell confirms Avengers’ attacks on Forcados pipelines, suspends oil exports indefinitely

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    June 3, 2016Samuel Ogundipe

    The Shell Petroleum Development Company Limited, the Nigerian subsidiary of Dutch oil giant, Royal Dutch Shell, on Friday confirmed militants’ claims that a major damage was done to its oil installations in Delta State in the early hours of Friday, saying the attack had forced it to shut down crude exports indefinitely.

    The statement corroborates earlier statements by the Niger Delta Avengers, a new militant group that has claimed responsibility for a series of attacks on oil installations, in renewed hostilities across the oil-rich region. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell faces rising investor discontent over executive pay

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    Screen Shot 2016-05-12 at 11.17.55By REUTERSPUBLISHED: 16:01, 24 May 2016

    By Ron Bousso

    THE HAGUE, May 24 (Reuters) – Investor discontent with Royal Dutch Shell over multi-million euro pay packages for its top executives rose sharply at this year’s annual shareholder meeting on Tuesday.

    Although Shell’s shareholders approved the oil and gas group’s remuneration report, including chief executive Ben van Beurden’s 5.14 million euros ($5.74 million) package, 14.17 percent of investors opposed it, up from 3.84 percent last year.

    Royal London Asset Management, which holds Shell shares worth nearly 1 billion pounds, said it was “disappointed” that van Beurden received very close to the maximum possible bonus in a year when the firm’s overall financial performance was weak. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell AGM sees US Gulf drilling protest

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    Eoin O’Cinneide  24 May 2016 13:15 GMT

    Shell came under fire at its annual general meeting on Tuesday as a delegate led a photographic demonstration against the Anglo-Dutch supermajor’s deep-water drilling plans in the US Gulf of Mexico.

    Gulf Coast resident Monique Verdin turned up at the meeting at The Hague headquarters to display 10-foot prints of her photographs depicting what she says is the environmental and community impact of US Gulf drilling.

    FULL ARTICLE

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    Dutch pension fund PGGM critical of Shell ahead of annual meeting

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    By REUTERSPUBLISHED: 18:56, 23 May 2016

    AMSTERDAM, May 23 (Reuters) – Dutch pension fund PGGM, a major shareholder in Royal Dutch Shell, criticised the company’s climate change policy on Monday, a day before Shell’s annual meeting.

    “We are not yet convinced Shell has sufficiently internalised the consequences of climate change in its strategy and future plans,” the fund said in a statement published on its website.

    But PGGM said it would not vote in favour of a resolution put on the shareholder meeting’s agenda by activist group “Follow This” directing the oil giant to transform itself into a “sustainable energy” company. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell shareholders to vote on pay

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    Screen Shot 2016-05-12 at 11.17.55BOSSES at Royal Dutch Shell will face shareholders at the group’s annual general meeting tomorrow amid concern over the chief executive’s “unacceptable” £4million pay deal.

    Investors have been urged to vote against the firm’s remuneration report in protest at Ben van Beurden’s pay for 2015, even though it marked a significant reduction from the £18.6million he was paid in 2014 in the wake of plunging profits.

    Shell’s latest annual report revealed boss Mr van Beurden’s total pay for last year was £4.3million – a 77 per cent fall on 2014 after the tumbling cost of crude took its toll on the group. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell braced for shareholder pay revolt

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    Jillian Ambrose21 MAY 2016 • 7:47PM

    Shell executives are braced for a shareholder backlash this week after influential retail advisor ShareSoc joined the growing rebellion against its multi-million pound executive pay.

    The UK’s largest individual investor group will urge its 4,000 members to follow the lead of major Shell investor Royal London Asset Management and proxy institutional advisors in opposing Shell’s rising pay packet for boss Ben Van Beurden.

    Mr Van Beurden is in line for a salary of £1.4m, a bonus of £3.5m, and a pension of £441,000 for 2015, despite reporting its steepest losses in 13 years and a planned job cull of 10,000. He has also received shares worth £9.7m, which vest in three years if he meets key performance targets. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Houma woman to stage protest at Shell AGM

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    Screen Shot 2016-04-20 at 13.50.03Written by Keith Findlay – 18/05/2016 6:32 am

    A representative of the native American Houma Nation Council will attend Shell’s annual general meeting next week to call on the board and investors to put an end to new offshore leases in the Gulf of Mexico.

    Monique Verdin, who lives on the Louisiana coast, is travelling to Tuesday’s gathering in the Netherlands with the support of both the Indigenous Environmental Network (IEN) and UK Tar Sands Network (UKTSN).

    IEN and UKTSN are pressure groups opposed to new drilling in the Gulf, claiming fossil fuel exploitation is causing major environmental damage in the region. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell Faces Opposition on CEO’s Pay as Bonus Seen as Excessive

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    Screen Shot 2016-05-12 at 11.17.55Rakteem Katakey: May 17, 2016

    Two shareholder-advisory firms recommended investors vote against the Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden’s pay, saying his bonus is “excessive.” A third adviser said shareholders should give “qualified support.”

    Van Beurden’s annual bonus, equivalent to 245 percent of his salary last year, was not acceptable, Pensions & Investment Research Consultants Ltd. said in an e-mail on Tuesday. Advisory firm Glass Lewis also said shareholders should oppose the pay deal. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Top Shell investor vents anger at boss pay

    Screen Shot 2016-05-12 at 11.33.40“The peer group of four companies that Shell uses to benchmark its long-term incentive plans (L-tips) is too narrow and we remain concerned about the overly generous senior management pension plans.”

    However, Royal London, which owns nearly £1bn of shares in Shell, said it acknowledged that the company had notched up several successes, including the completion of its £35bn takeover of BG.

    Mr van Beurden stands to take home a salary of £1.4m, bonus of £3.5m, and pension of £441,000 for 2015. He also received shares worth £9.7m, which vest in three years if he hits a series of targets. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    OPPOSITION TO BEN VAN BEURDEN BONUS

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    Translation of an article published 10 May 2016 by the Dutch Telegraph.

    LONDON – The leading consulting firm Glass Lewis has criticized the bonus being paid to Shell CEO Ben van Beurden.

    Glass Lewis has recommended shareholders to vote against the remuneration of the Directors at the shareholders’ meeting, according to the business newspaper The Wall Street Journal on Tuesday.

    Van Beurden saw his salary drop by 8 percent over last year, but his bonus went up by 8 percent compared to 2014. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Royal Dutch Shell Plc: Notice of 2016 Annual General Meeting

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    LONDON, April 21, 2016 /PRNewswire/ —

    Royal Dutch Shell plc (the “Company”)(NYSE: RDS.A) (NYSE: RDS.B) announces that its 2016 Annual General Meeting (the “AGM”) will be held at the Circustheater, Circusstraat 4, 2586 CW The Hague, The Netherlands at 10:00 (Dutch time) on Tuesday May 24, 2016. The Notice of Annual General Meeting (the “Notice”) can be viewed and downloaded from http://www.shell.com/agm.

    The AGM will be webcast on the day so shareholders unable to attend in person can still follow proceedings. More information about the webcast arrangements can be found in the Notice and via the website referred to above. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Netherlands: Protecting Companies That Dare To Report Fraud To Authorities

    FROM A CONCERNED SHELL SHAREHOLDER

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    SEE: Netherlands: Protecting Companies That Dare To Report Fraud To Authorities

    Last Updated: 21 April 2015

    Article by Richard van Staden ten Brink

    De Brauw Blackstone Westbroek N.V.

    Richard van Staden ten Brink, one of our criminal enforcement partners, wrote an op-ed article in Het Financieele Dagblad of 30 March 2015.

    It can happen to any company. An employee commits fraud for the employee’s own personal gain, for the company’s benefit, or both. In this situation, a company has no other option but to start an internal investigation and impose disciplinary action. Often at this stage, the Public Prosecution Service is unaware of the investigation, and the company needs to decide whether to report the matter to law enforcement authorities. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell Pensioners Revolt

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    By John Donovan

    Trouble is brewing for Shell in the UK as Shell pensioners revolt against the proposed change of name of their association. The “Shell Pensioners’ Association” (SPA) is open to all Shell pensioners in the UK and arranges a raft of social and other events through its Branch network. It also publishes a quarterly magazine, “SPA News”.

    With the latest edition comes an announcement of a plan to change the name of the Club to “Shell Pecten Association” – the rationale being that younger new Shell pensioners are put off joining the SPA because they don’t wish to be seen as pensioners! No evidence to support this claim is provided. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell/Exxon Induced Earthquakes undermine Dutch Gov Revenues

    Screen Shot 2015-04-14 at 08.30.55By John Donovan

    The Groningen gas field is a giant natural gas field located near Slochteren in Groningen province in the northeastern part of the Netherlands. Discovered in 1959, it is the largest natural gas field in Europe.

    It is operated by the Nederlandse Aardolie Maatschappij BV (NAM), a joint venture between Royal Dutch Shell and ExxonMobil, with each company owning a 50% share. For decades all went well.

    The venture was a money spinner for Shell, Exxon, the Dutch government and the local population. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Royal Dutch Shell plc: Notice of 2015 Annual General Meeting

    Screen Shot 2014-10-30 at 09.22.43LONDON, April 16, 2015 /PRNewswire/ —

    Royal Dutch Shell plc (NYSE: RDS.A) (NYSE: RDS.B) (the “Company”) announces that its 2015 Annual General Meeting will be held at the Circustheater, Circusstraat 4, 2586 CW The Hague, The Netherlands at 10:00 (Dutch time) on Tuesday May 19, 2015. The Notice of Annual General Meeting (the “Notice”) can be viewed and downloaded from http://www.shell.com/agm.

    The AGM will be webcast on the day so shareholders unable to attend in person can still follow proceedings. Details of the webcast arrangements can be found in the Notice of Annual General Meeting. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Church of England investors file shareholder resolutions at BP and Shell

    Screen Shot 2014-12-04 at 20.55.28The Church Commissioners and Church of England Pensions Board have announced this week that they are in the process of co-filing shareholder resolutions on climate change at the AGMs of two of world’s biggest oil and gas companies – BP and Shell.

    Church investors file shareholder resolutions at BP and Shell

    By Edward Mason, Church Commissioners Head of Responsible Investment

    The Church Commissioners and Church of England Pensions Board have announced this week that they are in the process of co-filing shareholder resolutions on climate change at the AGMs of two of world’s biggest oil and gas companies – BP and Shell. This is one of the ways in which the Church of England’s national investing bodies are deepening and strengthening their engagement with the businesses in which they invest on the ethical issues that are of the greatest importance to the Church. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell 15 page confidential statement about OSSL allegations

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    By John Donovan

    I have provided a link to a 15 page document dated 3 October 2014, which Shell supplied to OSSL, the Irish company that has made serious allegations against Shell.

    The information in the document may be of interest to some readers who have followed the long running saga and likewise newspapers and TV and radio stations who have covered the story.

    As will be seen, Shell repeatedly states that OSSL has demanded money from them when all claims by OSSL against Shell have, according to Shell, already been settled.  read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Ogonis charge Nigerian Federal Government and Shell on UNEP report

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    Screen Shot 2014-02-10 at 16.29.29Extract from a Daily Post article by Victor Azubuike published 28 May 2014

    The people of Ogoni are calling on the Federal Government to set up a structure to help facilitate the implementation of the United Nations Environment Programme, UNEP, report following a new revelation by Shell. “Following last week’s surprise announcement by Shell’s new CEO, Ben Van Beurden that the $1billion dollar take off fund for Ogoni clean up was waiting in a dedicated account, Social Action and other British and Nigeria NGOs have demanded that Shell stop playing games with the pains and misery of Ogoni people who are dying in their thousands because of non implementation of UNEP Report.  read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    ‘Cleaned’ Nigerian sites still blighted by oil as Shell’s efforts to contain spills makes slow progress, says report

    Screen Shot 2013-08-18 at 08.30.15Swathes of land and waterways in the Niger Delta are once again blighted with oil only months on from Shell’s clean-up efforts…

    Extracts from a This is Money article by Rob Davies published 26 May 2014

    Shell’s efforts to contain spills in Nigeria are making stuttering progress, with supposedly restored sites still mired in oil, a new report warns. Difficulty with stopping spills, often caused by oil theft from pipelines, further illustrates why Shell has opted to sell four major onshore blocks in Nigeria. Swathes of land and waterways in the Niger Delta are once again blighted with oil only months on from Shell’s clean-up efforts, claims campaign group Platform. The firm faced protests from several campaign groups over its Nigerian operations at its recent annual meeting. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell meets target of 25% women directors

    Screen Shot 2014-02-10 at 16.29.29Extract from a business times.com article by Ronnie Lim published 22 May 2014

    FORMER StanChart Singapore CEO Euleen Goh and chairman, CEO and president of US-based Archer Daniels Midland Company, Patricia Woertz, were unanimously voted in as new Royal Dutch Shell directors earlier this week, bringing the total number of women on its 12-member board to the group’s targeted 25 per cent.

    FULL ARTICLE

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    Shell’s new pay structure criticised

    Peter Voser

    Peter Voser

    Extract from a Financial Times article by Michael Kavanagh published 20 May 1014

    A sharp fall in the pay of outgoing chief executive Peter Voser last year failed to quell discontent among some investors at Royal Dutch Shell over rewards offered to its top staff.

    FULL ARTICLE

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Royal Dutch Shell plc Notice of 2014 Annual General Meeting

    Screen Shot 2014-02-10 at 16.29.29Royal Dutch Shell plc (the “Company”) announces that its 2014 Annual General Meeting will be held at the Circustheater, Circusstraat 4, The Hague, The Netherlands at 10:00  (Dutch time) on Tuesday May 20, 2014. The Notice of Annual General Meeting  (the “Notice”) can be viewed and downloaded from http://www.shell.com/agm

    The AGM will be webcast on the day so shareholders unable to attend in person can still follow proceedings. Details of the webcast arrangements can be found in the Notice of Annual General Meeting. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    A slap for Shell

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    By Rob Davies: PUBLISHED 22 May 2013

    Screen Shot 2013-05-22 at 23.42.42Investors joined environmental protesters in giving Royal Dutch Shell a slap on the wrists, as a tenth of them failed to back the oil giant’s pay arrangements.

    In what is likely to be chief executive Peter Voser’s last annual meeting before he retires, some 10 per cent of shareholders snubbed the remuneration report.

    The vote comes just days after Shell’s London offices were raided in a European Commission investigation into oil price fixing. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Shell suffers embarrassing shareholder rebellion over executive pay

    Bonus awarded to outgoing chief executive Peter Voser prompts 8% of shareholders to vote against remuneration policy

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    Bumper £8m pay package for Shell boss Peter Voser (Daily Mail Article)

    Shell suffered an embarrassing 10% shareholder rebellion against its executive pay report on Tuesday.

    Almost 8% of the investor base voted against the company’s remuneration policy, which handed its outgoing chief executive Peter Voser a €3.3m (£2.8m) cash bonus in a year when profits dropped by $1.6bn (£1.05bn) to $27bn.

    A further 2% of investors abstained from the vote at Shell’s annual meeting in The Hague.

    The bonus took Voser’s total salary package to €5.1m, down from €5.2m the previous year, although this is still more than double the $2.7m package given to BP boss Bob Dudley last year. Dudley received no bonus as the company continues to deal with the consequences of the Gulf of Mexico oil spill. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    You can’t be sure of seeing Shell’s AGM

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    If you couldn’t travel to the Hague to protest, you could always attend the live link-up in London. But now you can’t even do that

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    Rupert Neate: The Observer, Sunday 19 May 2013

    Angry about the oil giants allegedly fixing the price of petrol for more than a decade? You’ll have a chance to harangue Shell – its offices were raided by European Union officials investigating the claims last week – at its annual general meeting on Tuesday. But only if you get on a plane to the Hague.

    Royal Dutch Shell, the British part of which was founded by Lord Bearsted in 1897, has been regularly holding its meeting in the Dutch city most famous for trying war criminals. read more

    royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

    Peter Voser, Petroleum Executive Screw-up of the Year Award

    By John Donovan

    Peter R. Voser, the man ultimately responsible for Shell’s screw-up in the Arctic – a farce befitting a low budget Monty Python production, the man on whose watch Shell’s market capitalization has sunk below Chevron, making Shell the third largest of the Western oil majors, not number 2, and also the man responsible for robbing UK Shell shareholders of a UK forum for this years AGM, has been named Petroleum Executive of the Year 2013 Under the circumstances – his transformation of Royal Dutch Shell into a humiliated third rate oil company – the credibility of this annual award has been severely dented. read more

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    The Ecumenical Council for Corporate Responsibility challenges Shell AGM

    Screen Shot 2013-03-18 at 13.56.48Press Release 15 March 2013: The Ecumenical Council for Corporate Responsibility (ECCR) challenges Royal Dutch Shell (RDS) to have greater transparency in its forthcoming AGM arrangements and increased commitment to ensuring the voices of UK shareholders are heard.

    UK investor coalition ECCR has expressed deep dissatisfaction with Shell over its plan to restrict access to its 2013 AGM to shareholders who are present in The Hague and the ramifications this decision has for British shareholders in the company. In previous years’ AGMs the company has allowed British shareholders to participate from London via a live audio-visual link.

    ECCR has voiced concern for how the new arrangements – made without consultation with ECCR or other regular UK AGM attendees – will limit the ability of British shareholders to fully exercise their rights as owners of the company. A proposed replacement event – a presentation in London by the Chief Executive Officer and Chief Financial Officer – is inadequate as non-executive directors such as the Chair of the Remuneration Committee will not be present therefore drastically limiting the range of questions that can be asked and adequately answered. read more

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    Shell’s contempt for its UK shareholders: Scraps UK satellite AGM

    Screen Shot 2013-01-31 at 17.38.03“The decision not to have an audio/visual link to London for this years RDS AGM means that for the first time in history British based shareholders will not be able to attend a Shell AGM in the UK. At the time of the demise of Shell Transport and Trading and the formation of the new Royal Dutch Shell plc. it was stated that this did not mean that Shell was becoming a more Dutch, and less British, company. This was not true…

    Screen Shot 2013-02-21 at 15.03.26

    By John Donovan

    Royal Dutch Shell Plc has published shareholder information about its 2013 AGM that includes the following shocking announcement confirming utter contempt for its UK investors:

    “There will not be an audio-visual link to a satellite meeting place in London this year.”

    COMMENT FROM A WELL INFORMED INSIDER SOURCE

    “The decision not to have an audio/visual link to London for this years RDS AGM means that for the first time in history British based shareholders will not be able to attend a Shell AGM in the UK. At the time of the demise of Shell Transport and Trading and the formation of the new Royal Dutch Shell plc. it was stated that this did not mean that Shell was becoming a more Dutch, and less British, company. This was not true and the latest decision just confirms that the inevitable move to total Dutch control is almost complete. It is likely also that Shell will move to a single Head Office in The Hague before too long. Shell Centre in London is virtually deserted and most of the site is being redeveloped. Insiders say that Shell will not return to Shell Centre when this is completed (from their “temporary” offices in Canary Wharf). Shell Centre will be sold and Shell will gradually move all but a few functions to The Netherlands. This is a complex process and will take time but it is likely to be completed well before the expiry of the 10 year rental arrangements in Canary Wharf.” read more

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    Shell and Friends of the Earth exhange fire via the FT

    By John Donovan

    Stumbled across this interesting correspondence conducted publicly via the letters page of the Financial Times several years ago between Sir Mark Moody-Stuart of Shell and Mr Tony Juniper, Executive Director, Friends of the Earth, London. As can be seen, Sir Mark scored a spectacular own goal. Got his facts wrong.

    FROM OUR JUNE 2005 SHELL NEWS ARCHIVE

    Shell Director Sir Mark Moody-Stuart & Tony Juniper, Executive Director, Friends of the Earth, exchange fire  via the letters page of the Financial Times

    Financial Times: Enjoy a free trip and get to ask Shell a question: By Sir Mark Moody-Stuart

    Thursday 30 June 2005

    By Mark Moody-Stuart

    From Sir Mark Moody-Stuart.

    Sir, Attending my last annual meeting of Shell as a director, I was interested to note that almost half of the 20 or so questions asked came from individuals from areas in the neighbourhood of Shell operations in Sakhalin, Brazil, Nigeria, the Philippines and the US. According to Craig Bennett of Friends of the Earth (FoE), who summed up their concerns, these people had been brought to England by FoE to reflect locally held views. read more

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    Scarcely a whimper as Shell votes for unification

    Financial Times: Scarcely a whimper as Shell votes for unification

    Wednesday 29 June 2005

    By Ian Bickerton in Scheveningen

    Dutch shareholders bade farewell to nearly a century of history in less than 45 minutes on Tuesday, overwhelmingly approving the unification of Royal Dutch and Shell, the two arms of the energy group.

    Shortly afterwards shareholders in London also backed the unification plan.

    The proposal prompted barely half-a-dozen gentle inquiries in the Netherlands, from elderly investors seeking reassurance that the company would continue to have its headquarters in the Netherlands and that they would be able to ask questions in Dutch at its annual meeting. read more

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    FINAL SHELL TRANSPORT AGM started and ended to refrain of Bing Crosby crooning: You can be sure of Shell

    ARTICLE FROM OUR 2005 SHELL NEWS ARCHIVE

    (MICHAEL HOLLIDAY VERSION OF THE SHELL SONG)

    ShellNews.net: The Shell Transport FINAL AGM resulting from the reserves scandal, started and ended to the refrain of Bing Crosby crooning: “You can be sure of Shell”:

    Wednesday 29 June 2005

    By John Donovan

    Editor, ShellNews.net

    Shell’s marathon AGM was held yesterday in sweltering conditions in what seemed like a large aircraft hanger (the ExCel Centre) adjoining the City of London Airport. It concluded after what seemed an eternity – over three hours of hot air. read more

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    Nigerian farmer: Shell says we’ll soon smile in the Niger Delta

    Published on : 18 May 2011 – 12:29pm | By Hélène Michaud

    It is his very first visit to the Netherlands, home of the company that he says has destroyed his family’s investments: “Our fish ponds, our bakery, our land.” He wants them back.

    The green parks, the urban infrastructure, trains that arrive on time: Eric Dooh is impressed at what he’s seen in the Hague, where he’s just attended Royal Dutch Shell plc’s Annual General Meeting . He says he came to inform the company’s shareholders about the ongoing level of devastation caused by oil spills in Goi, his community in the Niger delta. read more

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    Shell CEO: No Secret Of Interest In Russian Arctic

    Tuesday May 17, 2011

    LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSA.LN) has made “no secret” of its interest in developing the hydrocarbon resources in the Russian Arctic, but its preference remains for investment on a project-by-project basis rather than buying stakes in local companies, Chief Executive Peter Voser said Tuesday.

    “We are interested in exploring in Russia, and we have made no secret of that, ” said Voser, who was addressing shareholders at the firm’s annual general meeting. read more

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    Shell seeks to drill in Arctic seas this summer

    guardian.co.uk home

    • Shell ignores calls for moratorium on drilling
    • Company says world needs 27bn barrel resource

    Tim Webb: Tuesday 18 May 2010 19.13 BST

    Shell yesterday pushed ahead with plans to drill in the Arctic Sea this summer, defying calls for a moratorium on offshore exploration in the pristine wilderness following the Gulf of Mexico disaster.

    California’s governor, Arnold Schwarzenegger, this month scrapped plans to allow offshore drilling in the state for the first time in more than 40 years and environmentalists have called for a halt in the Arctic after President Obama opened up the area to drilling for the first time last month. read more

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    Amnesty ‘disappointed’ by FT’s decision to pull ad targeting Shell

    Posted: 18 May 2010

    Financial Times’ late call thwarts Amnesty’s campaign

    Amnesty International UK expressed its immense disappointment today at the Financial Times’ decision to pull a new hard-hitting advertisement at the last possible moment. The ad was due to appear today as Shell held its London AGM.

    The advertisement focused on the appalling human rights record of Shell in Nigeria. It compared the company’s $9.8bn profits with the consequences of pollution caused by the oil giant for the people of the Niger Delta.

    Numerous oil spills, which have not been adequately cleaned up, have left local communities with little option but to drink polluted water, eat contaminated fish, farm on spoiled land, and breathe in air that stinks of oil and gas. read more

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    Shell faces shareholder questions on tar sands

    The Independent

    By Sarah Arnott

    Tuesday, 18 May 2010

    Shell will become the latest major corporation to face investor questions about tar sands developments at its annual general meeting (AGM) today.

    Demonstrations outside the meeting in The Hague will be calling for an end to tar sands exploitation, while inside the hall the Anglo-Dutch group’s executives will be quizzed by shareholders on the financial risks.

    Some 142 investors have backed a special resolution calling on Shell to give more details on the financial, environmental and human rights risks of tar sand, which make up a third of the major’s resource portfolio. read more

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    Rig blast shadows rise in BP profits

    The Sunday Telegraph: BP is expected to say this week that profits almost doubled in the first quarter, as it investigates the circumstances surrounding the explosion of a drilling rig it had hired in the Gulf of Mexico.

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    Shell braced for yet another revolt over directors’ pay

    “The oil titan is set to encounter protests over a controversial £4.8m severance deal for its former gas and power chief Linda Cook, a leading institutional shareholder told the Mail.”

    By Sam Fleming
    Last updated at 11:24 PM on 13th April 2010

    Royal Dutch Shell faces another turbulent annual general meeting next month after failing to assuage all of its investors’ concerns about director pay.

    The oil titan is set to encounter protests over a controversial £4.8m severance deal for its former gas and power chief Linda Cook, a leading institutional shareholder told the Mail.

    Discontent is also simmering after chief financial officer Simon Henry moved to a Dutch employment contract, which will ensure more generous rights. And a hearty compensation package handed to former chief executive Jeroen van der Veer remains a bone of contention. read more

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    Shell Advises Holders To Reject Oil Sands Resolution

    LONDON (Dow Jones)--Royal Dutch Shell PLC (RDSB) has advised its shareholders to vote down at its annual general meeting in May a resolution requiring the company to conduct a thorough review into the commercial viability and environmental sustainability of its Canadian oils sands operations, according to documents posted on its Web site Monday.

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    Oilsands top producer for Royal Dutch Shell

    Citizen Staff and news services March 20, 2010 3:07 AM

    Royal Dutch Shell PLC, which plans to produce oil from Canada’s oilsands for 40 years, earned 67 per cent more from operations in Alberta than from projects elsewhere between 2005 and 2009. The company earned $20 U.S. a barrel from oilsand mining on average, more than the $12 a barrel it gained from extraction projects excluding oilsands, The Hague-based Shell said in a report posted this week on its website. Oilsands contributed $3.1 billion to Shell’s earnings in the period. Shareholders have demanded a review of the risks of the oilsands projects at annual meetings in April. read more

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