Netherlands: shareholders say no to bonuses for Shell’s administrators

ote from their own shareholders. A new milestone was reached on May 19, with a vote which will go down in history. (Ref. 090545)

59% of Shell’s shareholders voted no to bonuses for the administrators of the Dutch-English oil multinational for 2008. Anger rose, reaching institutional investors, because for the second year in a row, Shell’s board proposed to award substantial bonuses, theoretically related to performance, while the group’s objectives weren’t achieved. In 2008, in terms of stock ex