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Shell Games at Royal Dutch/Shell: Will They Affect Corporate Governance in Europe?
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******************************** Shell Games at Royal Dutch/Shell: Will They Affect Corporate Governance in Europe? http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=960 Inflated oil reserves have put Royal Dutch/Shell in the headlines. The international financial press was quick to label it "Europe's Enron", much as it did when accounting scandals surfaced at Parmalat, the Italian conglomerate. As the media hubbub over alleged corporate wrongdoing grows louder, is it likely that Europe might see its own version of corporate governance reform, comparable to the Sarbanes-Oxley legislation in the U.S.? Two Wharton experts -- Christian Leuz and Robert E. Mittelstaedt Jr. -- have different perspectives on the situation.
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