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OPPOSITION TO BEN VAN BEURDEN BONUS

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Translation of an article published 10 May 2016 by the Dutch Telegraph.

LONDON – The leading consulting firm Glass Lewis has criticized the bonus being paid to Shell CEO Ben van Beurden.

Glass Lewis has recommended shareholders to vote against the remuneration of the Directors at the shareholders’ meeting, according to the business newspaper The Wall Street Journal on Tuesday.

Van Beurden saw his salary drop by 8 percent over last year, but his bonus went up by 8 percent compared to 2014.

“We remain concerned about the discrepancy between bonuses and financial performance,” said the firm in a report by the newspaper.

Shell reported on a 2015 decrease in net profit of 87 percent from a year earlier, to $ 1.9 billion.

Glass Lewis clients include some of the largest institutional investors in the world.

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