Corporate Governance at Unilever
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Case Code: CGOX012 Case Length: 15 Pages Period: 2004 Pub Date: 2004 Teaching Note: Not Available |
Price: Rs.300 Organization: Unilever Industry: FMCG Countries: UK Themes: - |
Abstract Case Intro 1 Excerpts
Unilever has always aspired to high standards of corporate governance and, in the light of the latest developments in Europe and the USA, we are keeping our arrangements under active review.
-Niall FitzGerald, CEO, Unilever PLC
Introduction
In 2002, with sales of $50.7 billion, Unilever was one of the largest packaged consumer goods companies in the world. It had over 700 brands in its portfolio. Headquartered at London and Rotterdam, Unilever operated in over 150 countries around the world. It was owned by the Netherlands-based Unilever NV (NV) and UK-based Unilever PLC (PLC). Since 1930 when the Unilever Group was formed, NV and PLC together with their group companies had operated, and worked as a single entity. They had the same directors, adopted the same accounting principles, and were linked by Equalization agreements, which regulated the mutual rights of the two sets of shareholders...
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