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.