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Shell shareholders advised to oppose CEO pay

Tue, 17th May 2016 17:31

LONDON, May 17 (Reuters) - Investor advisors Glass Lewis andPIRC have recommended shareholders oppose Royal Dutch Shell Chief Executive Officer's 2015 remuneration at the oiland gas company's annual general meeting next week.

"We remain concerned by the disconnect between bonus payoutsand financial performance, and the bonus scheme structure moregenerally," Glass Lewis said in a report to shareholders, seenby Reuters on Tuesday.

PIRC said in a separate report "the ratio of CEO paycompared to average employee pay is 37:1, which isunacceptable".

Ben van Beurden's total direct remuneration fell 8 percentlast year to 5.135 million euros ($5.63 million), the companysaid in its annual report in March. (Reporting by Ron Bousso; editing by Susan Thomas)