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11

Shell Preparing To The Fateful Meeting

Shell oil group will hold tomorrow the most important annual shareholders meeting in its 100-year history

International oil giant Royal Dutch/ Shell will hold tomorrow the most important annual shareholders meeting in its 100-year history. The need in the meeting emerged due to increasing criticism about tax on shareholders, reserves replacement performance and a host of other issues, The Guardian reported..

The Anglo-Dutch group is expected to get overwhelming support for its radical plan to dump its dual-company structure and adopt a unified board following the 2004 reserves fiasco when it admitted it had overstated its reserves by billions of barrels.