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Corporate governance - Stringing us along?
(From Financial Director)
Byline: Anthony Harrington.
Following Shell's bombshell announcement on 9 January that it was recategorising a significant chunk of its proven reserves, the company is now facing litigation from a number of quarters. No one's a happy loser these days, and if you drop a clanger big enough to warrant waving goodbye to your chairman and one of your most senior executives, you can guarantee a US class action lawsuit will follow as night follows day.
Compounding the group's litigation problems is a US Securities and Exchange Commission investigation.
Doubtless, the question at the heart of the SEC's inquiry will ...
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- Magazine article from: The Economist (US) March 6, 2004 700+ words
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- Sir Philip Watts Vindicated.
- Press release article from: PR Newswire November 9, 2005 700+ words
...gas reserves by Royal Dutch Shell in 2004. The FSA announced...amp; Maw LLP client Sir Philip Watts, the former Chairman of Shell's Committee of Managing...behalf of his client that "Sir Philip Watts is very pleased that, after...