Shellman says sorry
Royal Dutch/Shell faces a shareholder revolt over corporate ethics. Can its chairman come up with the right answers?
NEXT week Europe's biggest commercial enterprise faces a little local difficulty at its annual general meeting in London. A number of shareholders have filed a resolution calling for Royal Dutch/Shell to clean up its act on environmental and human-rights matters. This follows the criticism heaped on the Anglo-Dutch oil giant first for its decision (later humiliatingly reversed) to dispose of its huge Brent Spar oil platform by dumping it in deep water in the Atlantic, and then for its activities in Nigeria, where last year the government executed a political activist, Ken Saro-Wiwa, who had been campaigning against oil pollution caused by Shell.
This article appeared in the Business section of the print edition under the headline “Shellman says sorry”
From the May 10th 1997 edition
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