Shell meets target of 25% women directors

FORMER StanChart Singapore CEO Euleen Goh and chairman, CEO and president of US-based Archer Daniels Midland Company, Patricia Woertz, were unanimously voted in as new Royal Dutch Shell directors earlier this week, bringing the total number of women on its 12-member board to the group's targeted 25 per cent.

Ms Goh and Ms Woertz join Linda Stuntz, founding partner of law firm Stuntz, Davis & Staffier, based in Washington, DC on the energy super major's board. This follows the group's annual general meeting (AGM) in The Hague on Tuesday, where Ms Goh and Ms Woertz received a respective 99 and 98 per cent of votes.

Earlier this month, Shell implemented a US$2.3 billion write-off in refining assets, most of it for its 500,000-barrel Singapore Bukom refinery, which is its largest worldwide in terms of capacity. This follows falling margins amid a global refining overcapacity.