Risk Management @ Royal Dutch Shell Plc.
Code : FCF0014
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Region : Netherlands, Europe
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Risk at the Number One Fortune Company - Royal Dutch Shell Royal Dutch Shell, a multinational energy and petrochemical company, was involved in exploration, extraction, refining, and distribution of crude oil and natural gas. It also had interests in chemicals and other energy-related businesses. It was ranked number one on the 2009 list of Fortune 500 companies... Risk Management at Royal Dutch Shell At Shell, the board of Shell confirms that identification, evaluation, and management of risks are the ongoing processes that take place throughout the year. All significant risks faced by the company are regularly reviewed by the board, according to the guidelines of the directors... Looking Forward Shell put in place an effective risk management system to manage all the forcible risk risks faced by it. By making the board responsible and accountable for managing risk, Shell was using the integrated risk management approach, now a requirement prescribed by stock exchanges, rating agencies, and regulatory bodies. By following such an approach, the earning volatility decreases, resulting in the creation of greater shareholder value... |
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