THE HAGUE — Reuters: Tuesday, May 24, 2016: 7:40AM EDT
Royal Dutch Shell shareholders on Tuesday voted overwhelmingly in favour of Chief Executive Officer Ben van Beurden’s 2015 remuneration of €5.14-million ($5.8-million U.S.).
His total package, including pension and tax equalization, was €5.58-million, down from 24.2 million the previous year, mainly due to a significant fall in pension which had been boosted in 2014 by van Beurden’s promotion to chief executive.
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More than 86 per cent of shareholders adopted the Anglo-Dutch company’s executive remuneration package at Shell’s annual general meeting.
The vote follows calls by two major investor advisers to reject the resolution due to a sharp fall in Shell’s revenue.
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