This content is not available in your region

ISS recommends shareholders support Shell move to UK

ISS recommends shareholders support Shell move to UK
ISS recommends shareholders support Shell move to UK   -   Copyright  Thomson Reuters 2021
By Reuters

LONDON – Proxy advisory firm Institutional Shareholder Service (ISS) recommended shareholders support Royal Dutch Shell’s plan to move its head office from the Netherlands to Britain, according to a document seen by Reuters.

Shell said this month it would scrap its dual Anglo-Dutch share structure and move its head office to London from The Hague due to the Dutch tax system and after a court ruling over its strategy to reduce greenhouse gas emissions.

“The Company has provided compelling rationale which explains the benefits of the simplification of its share structure,” ISS said in a note.

The move will be brought to vote at a special general meeting on Dec. 10.