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Posts Tagged ‘Shell AGM’

Shell and Next face investor anger over pay

At Shell, investors are concerned that the remuneration committee has “moved the goalposts” and agreed awards even though the necessary performance targets have not been met. One, the Co-op, has said it will oppose the re-election of Lord Kerr of Kinlochard, who sits on the remuneration committee.

Co-op Asset Management rebels against Shell, Next fat cat bonuses

Daily Mail By RUPERT STEINER Last updated at 9:58 PM on 15th May 2009 Shell storm: Cooperative Asset Management says Shell ignored its own rules on payouts One of the City’s most influential institutional investors is leading a rebellion over fat cat bonuses at Royal Dutch Shell and Next. Co-operative Asset Management is so unhappy it [...]

Pirc asking investors to oppose remuneration report at Shell

Pirc is asking investors to oppose the remuneration report at Shell, the Anglo-Dutch oil and gas group, that made share awards to directors who missed a performance target. Shell has its annual meeting next week.

Governance body Pirc urges ‘no’ vote on Shell pay

LONDON, May 6 (Reuters) – Corporate governance body Pirc on Wednesday urged investors in Royal Dutch Shell (RDSa.L) to vote against the oil major’s pay plans at its forthcoming annual general meeting.

A word in your Shell-like about those bonuses

What were they thinking of? Have they been on another planet for the past few years? Have they not picked up the slightest hint of public and shareholder unease at “rewards for failure” and a culture of executive remuneration that seems to amount to “heads you win, tails you, er, also win”?

Shell faces revolt by its key shareholders

This is the second year in a row that the remuneration committee has used its discretion to reward the executives for below-average returns to shareholders, which raises serious questions about whose interests they are looking after.”

Shell faces bonus rebellion

The groups were said to believe that Shell had failed to meet its set targets, by being ranked fourth among its peer group of international oil companies. Shell argues it only just came fourth, the paper said.

Marketing Week: Don takes its payment fight to Shell’s agm

The meeting between Donovan and Jennings took place after the agm, though Shell says this does not indicate any change in its position and emphasises that legal action is continuing.

Shell revolt over ‘golden handcuff’ bonuses

Royal Dutch Shell has suffered a humiliating shareholder revolt at its annual meeting over a ‘golden handcuffs’ executive share award.

About 50% of Shell Shareholders Fail to Back Bonus, FT Says

May 20 (Bloomberg) — Just less than half of Royal Dutch Shell Plc’s voting shareholders failed to back a plan to award three executives bonuses of 1 million euros ($1.57 million) each to stay in their jobs, the Financial Times reported.

Iran Pars gas likely for home use, not LNG – Shell

Gas to be produced from an Iranian field which Royal Dutch Shell Plc (RDSa.L: Quote,Profile, Research) planned to develop before pulling out under U.S. pressure will likely be retained for domestic use, the oil major said on Tuesday. “It makes gas available which probably Iran may use for domestic use,” Chief Executive Jeroen van der Veer told the Shell annual general meeting on Tuesday.

Marketing Week Magazine: Shell faces libel action as Don’s founder issues writ

Alfred Donovan, a founder of sales promotion company Don Marketing and the Shell Corporate Conscience Pressure Group, has issued a writ against Shell UK claiming damages for libel.