Oil company Royal Dutch Shell will shorten its name to Shell reduction of emissions, plans to reduce the name and change the tax residency. The upcoming changes are announced on the official website of the oil giant.
The company's board of directors will put the issues to the shareholders' vote. Management plans to rename Royal Dutch Shell plc to Shell plc. The company also decided to transfer its tax residency and organize the relocation of its headquarters from the Netherlands to the UK. Shell's corporate governance structure will remain unchanged.