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 has broken the Square Mile’s code of silence to publicly rebuke Shell.
It plans to try to block the re-election of remuneration committee member-Lord Kerr, to highlight the Anglo-Dutch oil giant’s intransigence over pay.
The Co-op’s corporate governance expert Abigail Herron said: ‘It is now time for members of the remuneration committee to be called to account.’
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