Shell to propose the appointment of EY as auditor from 2016
May 19, 2015
Royal Dutch Shell plc will propose to shareholders at the 2016 Annual General Meeting that EY be appointed as the company’s auditor for the financial year 2016. This follows an extensive competitive tender, in line with industry best practice. As a result, EY will be recommended to succeed PwC, Shell’s sole auditor since 2005.
Guy Elliott, Chairman of Shell’s Audit Committee, said: “On behalf of Shell’s Board of Directors, I’d like to thank PwC for their diligence and dedication.
“Subject to shareholder approval at the 2016 AGM, we look forward to working with EY.”
Shell International Media Relations
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Notes to editors
Shell’s decision to embark upon a competitive tender process to appoint an external auditor was referenced in the company’s 2013 Annual Report.
Annual appointment of external auditors by AGM is required under UK law. The intention, subject to shareholder approval, is for EY to provide audit services for five years, with an option to extend for a further five years.
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