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Royal Dutch Shell shareholders approve chief executive’s £4.3million pay

Ben van Beurden, chief executive of Royal Dutch Shell and chairman of BG Group Andrew Gould
Ben van Beurden, chief executive of Royal Dutch Shell and chairman of BG Group Andrew Gould

Shareholders in Royal Dutch Shell have voted overwhelmingly in favour of chief executive Ben van Beurden’s £4.3million pay packet at the oil giant’s annual general meeting.

The company’s remuneration report was approved by more than 86% of proxy shareholders, despite a wave of investor unrest hitting several high profile AGMs over the past months.

Investors had been urged to vote against the remuneration report in protest at Mr van Beurden’s pay in 2015, even though it marked a significant reduction from the 24.2 million euros (£18.6 million) he was paid in 2014 in the wake of plunging profits and the falling oil price.

For more details, visit our sister website, Energy Voice.