The Financial Times: Let Shell's managers get on with it
(LETTERS TO THE EDITOR SECTION)
Mar 20, 2004
From Mr David Williams.
Sir, Over the past 30 years Shell's share price and dividend in the UK have risen by about twice as much as the FTSE All-Share Index, the representative index of UK share price performance and the average dividend on UK companies' shares. One can only wish that the fund management industry, or the government, had done as well.
So will the regulators, commentators, corporate governance experts and fund managers please leave the management of Shell to get on with the job it does very professionally and allow it to employ the governance structure it considers appropriate. Talk is cheap, because there is a lot of it about, and all it does is divert management from its proper task.
David Williams, Managing Director, Glasgow Investment Managers, Glasgow G2 5DR, UK