Business Context and Reporting Period
This Form 6-K filing by Royal Dutch Shell plc (Shell) is dated March 9, 2006. The report concerns a corporate governance matter: a change in the composition of the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a notice of a directorate change and contains no financial performance data.
Material Changes
The material change reported is the intended election of Mr. Nick Land to replace Sir Peter Burt as a non-executive director. Sir Peter Burt is retiring following the Annual General Meeting on May 16, 2006, due to other commitments. Mr. Land is currently the Chairman and Chief Executive of Ernst & Young LLP.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding business operations. It notes that Ernst & Young are not the external auditors of the Company but do provide non-audit services. Mr. Land had no involvement in these services and will step down from all positions at Ernst & Young upon joining the Shell Board.
Key Facts for Investor Verification
- Mr. Nick Land is proposed for appointment as a non-executive director effective July 1, 2006.
- Sir Peter Burt will retire as a non-executive director following the May 16, 2006 Annual General Meeting.
- Mr. Land will retire from his positions at Ernst & Young LLP on June 30, 2006.
- Ernst & Young provides non-audit services to Shell, though Mr. Land had no involvement in them.