both voiced concerns over discretionary pay awards to
board-level executives at Royal Dutch Shell.
RiskMetrics has recommended a vote against Shell's remuneration
report at its May 19 annual meeting, while the ABI's voting
service has issued an 'amber top' alert on Shell's pay report.
Investors are being asked to approve a performance-based share
awards to executive directors, though the group has failed to
reach set targets for shareholder returns.
RENISHAW CHIEF SAYS UK MUST REFOCUS ITS ECONOMY
Sir David McMurtry, chairman and chief executive of UK
manufacturer Renishaw, said that Britain should eschew
the 'hype' of financial services, reorienting its economy
towards advanced engineering industries. McMurtry said: 'We now
have the best chance in 50 years to make sure the economy is
based around real value, rather than trade in perturbations.' He
added that not much had been done to achieve this, despite
assertions from Lord Mandelson that Britain needs to move
towards 'less financial engineering and more real engineering.'
RENTS CUT AS RETAIL SPACE STANDS EMPTY
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