Chevron's Shareholders Getting Worried

A few days before Chevron's annual shareholder meeting, a new report has been released on Chevron's liability risks. The authors, Simon Billenness and Sanford Lewis- corporate governance experts, point out that the 18 billion dollar liability for the contamination of the Ecuadorian rainforest exposed company's lack of proper risk management and put Chevron at risk of irreparable harm to its value and reputation.Chevron's board of directors has been avoiding shareholders' questions about the financial risks related to the pollution lawsuit in Ecuador and has given misleading statements to the investors. This is very typical of Chevron- refusing to answer to anyone's questions and going by its own rules.

Read more about the report here.