Category: Corporate governance

Shell CEO Peter Voser to retire in 2014

Royal Dutch Shell PLC said Thursday Chief Executive Peter Voser will step down in early 2014, and the company reported lower first-quarter profits in the wake of a decline in oil prices.  More »

India Group said top bid for $6 billion Mozambique gas

State-backed Oil & Natural Gas Corp. (ONGC) and Oil India Ltd. (OINL) are the leading joint bidders for the stake in a Mozambique gas field being sold by Anadarko Petroleum Corp. (APC) and Videocon Industries Ltd. (VCLF), three people with knowledge of the discussions said.  More »

Occidental to keep CEO through 2014

Future chairmen will be independent and former CEOs can’t assume the top board spot after they leave, the company said.  More »

Icahn’s Transocean board nominee faces pending criminal case in Spain

One of Carl Icahn’s three nominees to serve on Transocean’s board has been dogged for nearly a decade by a criminal complaint in Spain that accuses him of taking part in a multi-million dollar fraud against employees of a company where he used to be an executive.  More »

Noble Energy shifts leadership, organizational structure

Noble Energy is shifting its organizational structure to better support the growth it expects over the next few years, as well as to develop its leadership team.  More »

Two Exxon board members made more than $700,000 in 2012

Here’s how you can make hundreds of thousands of dollars off an oil company, without any oil industry experience: Become a member of Exxon Mobil Corp’s board of directors.  More »

Under pressure, Nabors adds a new board member

Nabors Industries has agreed to add two independent directors to its board under pressure from its largest shareholder.  More »

Chesapeake resorts to stop-gap leadership move

Programming note: I’m taking a little time off, so the blog is likely to be rather quiet for the next week and a half. Wednesday’s column, available on houstonchronicle.com: When a company issues a release at 4:55 p.m. on Good Friday, it’s not good news. That’s the timing Chesapeake Energy chose to tell investors it […]  More »

Safety shortcomings sting Chevron CEO in wallet

For the first time since 2010′s Deepwater Horizon disaster, we see the board of a major oil company holding executives accountable for safety.  More »

Chesapeake names interim CEO

Chesapeake Energy Corp. picked Chief Operating Officer Steven C. Dixon to be interim chief executive as co-founder Aubrey K. McClendon steps down from the natural gas explorer he led for almost a quarter century.  More »

Accountants be warned: felonies are forever

For anyone who thinks that following orders or being a team player offers any legal protection, Sharkey’s story is a wakeup call. The line between loyalty and criminality can be thinner than many employees realize.  More »

Hercules wins ruling in ‘say on pay’ lawsuit

A judge said the suit was based on “flawed premises.”  More »

Nabors raises the bar — again — on rewarding failure

If there’s really a commitment to aligning executive interests with those of shareholders, everyone, including Petrello, should have been in agreement.  More »

Nabors pays exec $60 mln now to pay him less later

After years of paying for failure, Nabors investors are once again being forced to pony up, in hopes that they won’t ever have to again.  More »

Hess announces new director slate amid investor pressure

As the battle has unfolded in recent weeks, Hess shares have risen and shareholders could reap even more benefits as the dispute continues.  More »