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A shell company can be defined as a non-operational company, i.e. a legal entity that has no independent operations, significant assets, ongoing business activities or employees.
Few empirical studies have examined the mental health of workers on North Sea oil and gas installations, and it is unclear from the available literature whether offshore employees show impaired mental health relative to their onshore counterparts.
review reveals that shell companies are defined differently in different contexts. For the purpose of this paper, 'shell' companies fall broadly into one of the following three categories: 'anonymous shell companies', 'letterbox companies', and 'special purpose entities'.
Definition. Shell companies are businesses that exist only on paper and have no significant assets or operations. They are often used for various legal and financial purposes, including tax avoidance, asset protection, and facilitating transactions while maintaining anonymity.
1 Ιαν 2023 · Using shell companies for illicit purposes is a widespread and growing phenomenon. The equivalent of 10% of world GDP is held in offshore tax havens globally. Yet, onshore or domestic shell companies are also heavily used in illegal transactions.
18 Ιαν 2019 · Long exposure to stressors in the offshore oil and gas industry can potentially lead to the development of psychological disorders that can result in accidents in the workplace and significant material losses.
1 Απρ 2021 · The analysis of three technology introduction case studies in the UK offshore O&G sector (including interviews with 22 personnel involved in developing and commercially buying new technology) confirmed the influence of 15 psychological factors on organisational technology adoption decision making.
