Shell Is Claimed to Be a Loser

Calpers, America's largest pension fund, has put the oil giant Royal Dutch /Shell group on its hit list of companies with poor governance.
Calpers marks a series of poor practices at Shell and calls on independent directors to put them right.
Calpers is the top US campaigner for board reform and lists four big offenders, including Disney.
Naming Shell on the focus list puts additional pressure on the group, which now is trying to bring back investor confidence after misleading them about the company?s oil reserves and the ousting of chairman Sir Philip Watts and exploration director Walter van de Vijver.

Calpers accuses Shell in underperformance, imperfect accounting and ?apparent inadequacy of controls?.
Calpers says it wants a clear timetable for reforms.