Shell boss facing revolt over pay
THE boss of oil giant Shell is facing the threat of a revolt over his £7.8m pay packet.
Institutional Shareholders Services, a leading investor advisory group, is recommending that Ben van Beurden’s pay is voted down at the annual general meeting later this month.
ISS said it also wants more information about how the 60-year-old’s bonus was affected by an incident in Pakistan in 2016, when a fuel tanker operated by a Shell Pakistan contractor exploded, killing more than 200 people.
Shell said that it disagreed with several of ISS’s concerns.
the trial of Shell and Eni executives over alleged corruption during a deal to buy an oilfield in nigeria is due to start in Italy today.