LONDON, Nov 26 (Reuters) — proxy test 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 website 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. (Reporting by Ron Bousso; Editing by Jan Harvey)