As a close confidante of former chairman Philip Watts, support for Boynton has taken a large dive, according to sources quoted in the Financial Times.
Boynton, who joined Shell from Polaroid in 2001, was one of the names mentioned when investors called for management changes, following an erroneous booking that resulted in the company, in January, cutting 3.9 billion barrels, or 20%, from the reserves it claimed in US Securities and Exchange Commission filings.
The aftermath of this cut is expected to see Shell also ask for the resignation of several managers. Around 14 US law firms are planning to file class action suits against the group following the reserves restatement.
She is currently one of just a handful of senior executives working in the FTSE100.
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements
Charles Tilley's departure from CIMA leaves the accounting world quieter, but his institute with an exciting foundation