* Votes against remuneration rise to 14.17 pct from 3.84 pct
* CEO pay too high given weak financial performance -RLAM (Recasts, adds background, comments, voting results)
By Ron Bousso
THE HAGUE, May 24 (Reuters) - Investor discontent with RoyalDutch Shell over multi-million euro pay packages forits top executives rose sharply at this year's annualshareholder meeting on Tuesday.
Although Shell's shareholders approved the oil and gasgroup's remuneration report, including chief executive Ben vanBeurden's 5.14 million euros ($5.74 million) package, 14.17percent of investors opposed it, up from 3.84 percent last year.
Royal London Asset Management, which holds Shell sharesworth nearly 1 billion pounds, said it was "disappointed" thatvan Beurden received very close to the maximum possible bonus ina year when the firm's overall financial performance was weak.
A slump in oil prices meant Shell reported its lowest annualincome in more than a decade in 2015.
Yet van Beurden's total package, including pension and taxequalisation, was 5.58 million euros, down from 24.2 million theprevious year. This was mainly due to a significant fall inpension, which was boosted in 2014 by his promotion to CEO.
Two investor advisory firms recommended opposing Shell'sremuneration report, saying there was a disconnect between itsexecutive pay and that of other employees and its financialperformance.
However, Van Beurden was spared the embarrassment faced byBP Chief Executive Bob Dudley last month when shareholdersrejected his $20 million pay deal.
More top British corporations are facing shareholder revoltsover the way executives are paid, including medical equipmentfirm Smith & Nephew and miner Anglo American. ($1 = 0.8945 euros)
(Writing by Karolin Schaps in London; Editing by Jason Neelyand Alexander Smith)
