Shell shareholders should oust chair, says influential adviser
Pirc and Church of England back calls for investors to vote against Sir Andrew Mackenzie at AGM
theguardianonline.com: Alex Lawson: Tuesday 9 May 2023
An influential investment adviser has added its weight to a move to oust the Shell chair, Sir Andrew Mackenzie, at next week’s annual shareholder meeting as a row over the energy company’s climate goals intensifies.
Pirc, which advises shareholders on how to vote at annual meetings, has recommended that investors vote against Mackenzie’s re-election and oppose its annual report to “hold board members to account”.
The Church of England has also said it plans to vote to oust Mackenzie, as well as recently appointed chief executive Wael Sawan, at the event at the ExCeL centre in London on 23 May.
