Royal Dutch/Shell: A Shell Game with Oil Reserves-Governance Overhaul after Scandal (B); Case Number: CG-17(B) Publication Year: 2009
Posted: 1 Oct 2009
Date Written: September 30, 2009
Following the revelation that the Royal Dutch/Shell Group of Companies had overstated its proved oil reserves by over 4 billion barrels, company officials announced dramatic changes to the company's organizational structure and governance system. These changes were intended to improve management oversight and long-term corporate performance. This case outlines those changes.
Keywords: Accounting, Board of Directors, Corporate Governance, management controls
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