Investor advisers push for a vote against Shell’s remuneration report, citing performance and safety concerns.
Photo: Shell, Flickr
A key shareholder advisory firm has called on investors to vote against Royal Dutch Shell’s 2017 remuneration report, containing details of chief executive Ben van Beurden’s €9m (£7.9m) pay.
Advisory firm Institutional Shareholder Services (ISS) wants the remuneration report rejected, reports the Financial Times, due to concerns about payouts to former CFO Simon Henry, its performance, and safety record following an oil tanker explosion in Pakistan operated by a contractor that led to more than 200 deaths.
Some investor groups, including the pension funds of the Church of England and UK Environment Agency, are supporting a resolu
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda