UK Investor Advisor Urges Shell Holders Vote Against Bonus Plan
07 May 2009 - 2:14AM
Dow Jones News
U.K. investor advisory group Pension Investment Research
Consultants Wednesday joined the growing opposition to Royal Dutch
Shell PLC's (RDSB.LN) decision to award executives a performance
bonus despite missing internal targets.
"We recommend shareholders oppose the remuneration report," at
Shell's annual general meeting May 19, PIRC said in a statement.
The decision of Shell's remuneration board to award the bonuses
"undermines [the] consistent long-term approach to performance,"
PIRC said.
One of Shell's largest shareholders, Standard Life Investments,
also criticized the company's remuneration decision Tuesday.
Company Web site: www.shell.com
-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317;
james.herron@dowjones.com