As Chairman of the Royal Dutch/Shell Group from 1991-2001 and of Anglo American plc from 2002-2009, Sir Mark Moody-Stuart is as qualified as anyone on the planet to discuss the realities, dilemmas and lessons to be learnt from the last 20 years of corporate engagement with sustainability, ethics and responsibility. In this unique book - part memoir, part confessional, part manifesto for leadership - we hear a unique voice from the front line of corporate responsibility. Moody-Stuart retraces the steps of a remarkable journey from being a postgraduate geologist to being at the helm of two of the largest corporations in the world. We hear of dealings with dictators and prime ministers, colleagues and NGOs, rivals and friends. We travel from Syria to Nigeria; Iraq to Downing Street; and from the machinations of the United Nations to those inside the boardroom of Shell. We see Shell's annus horribilis in 1995 unfold through the eyes of an insider, and how Brent Spar and the execution of Ken Saro-Wiwa sent shockwaves through the company, resulting in a complete reappraisal of its mission and principles. We hear about the oil and mining sectors and their complicated development role in areas of conflict and corruption; the way that markets have failed us on climate change and corruption; and how governments need to step up to the global challenges we face. We hear how Deep Water Horizon could have been avoided; what Shell were asked to do by Tony Blair during the UK fuel blockades of 2000 and why they declined; why China is too important to ignore; and why the Global Compact is too important to fail. We hear lessons from a life spent living in 10 different countries and we come to realize that, for corporations, trying to do the right thing can sometimes be almost impossible. We also come to know a deeply ethical and thoughtful leader who has always tried to do exactly that.
Acknowledgements Foreword by Sir Robert Wilson KCMG, former Executive Chairman of Rio Tinto plc; former Chairman of BG Group plc Foreword by Mark Malloch Brown, former UN Deputy Secretary-General Preface Introduction 1 Differing development outcomes and their causes 2 Coalitions, governments and doing the right thing 3 The United Nations Global Compact 4 Some alternatives in countries with military rule or human rights abuses: Sanctions or withdrawal 5 Dining with the devil: Engaging with those guilty of human rights abuses 6 Markets are essential, but they cannot do everything 7 Oil, gas and climate change 8 Corruption: The biggest market failure of all 9 Enterprise solutions to poverty and development 10 Lessons from China on poverty eradication 11 1995: Shell's annus horribilis and its consequences 12 Embedding values and principles 13 Changes in structure and governance: Do they matter? 14 Differences in remuneration and wealth in companies and societies 15 The business of not-for-profit enterprises Afterword Index Figures and boxes Figures 4.1 Letter to Colin Powell, US Secretary of State, 2003 4.2 Reply to letter to Colin Powell, US Secretary of State, 2003 Boxes 2.1 The Voluntary Principles for Security and Human Rights 3.1 Global Compact: initial nine principles 3.2 Protect, Respect and Remedy Framework 11.1 Article requested for Greenpeace Business 11.2 Shell's revised General Business Principles, 1997
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