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May 18th, 2009:

Shell to face shareholder anger at annual meeting as Co-op criticises pay policies

May 18, 2009

Royal Dutch Shell chief executive Jeroen van der Veer

Royal Dutch Shell chief executive Jeroen van der Veer

Shareholders in Royal Dutch Shell have increased the pressure on the Anglo-Dutch oil and gas group to reconsider its pay policy as a second institutional investor promised to vote against the directors’ remuneration report at tomorrow’s annual meeting.

Co-operative Asset Management, the ethically styled investment division of the Co-op, is the latest to voice its disapproval of Shell’s decision to hand share awards to directors who missed key performance targets. read more

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