The revolt could get to pension funds. A group of shareholders united with the consultant firm RiskMetrics says that it is totally crazy for Shell not to respect its own regulations regarding bonuses. Risk Metrics, a firm which gives recommendations followed by pension funds, called, on May 8, for a vote against performance bonuses during the next shareholders’ meeting on May 19. Standard Life Investments, one of Shell’s ten largest shareholders (1.73%) already said, on May 6 in a public declaration, that it would vote against the proposed bonuses. “This is the second time Shell’s Remuneration Committee rewards managers on an arbitrary basis, while shareholders’ dividends are below average” said Guy Jubb, manager at Standard Life Investments. The Association of British Insurers (ABI) also sounded the alarm about a remuneration policy which may go against good governance at Shell. In the Netherlands, last year, there have already been votes against the remuneration policy proposed by boards, at Philips and Corporate Express.
’t reflect the group’s “relative performance.”
The revolt could get to pension funds. A group of shareholders united with the consultant firm RiskMetrics says that it is totally crazy for Shell not to respect its own regulations regarding bonuses. Risk Metrics, a firm which gives recommendations followed by pension funds, called, on May 8, for a vote against performance bonuses during the next shareholders’ meeting on May 19. Standard Life Investments, one of Shell’s ten largest shareholders (1.
…Do you have information to share with us?