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Glass Lewis tells shareholders to vote against BP CEO's $19.6mln pay

Wed, 06th Apr 2016 15:40

LONDON, April 6 (Reuters) - Proxy advisory firm Glass Lewishas recommended shareholders in BP vote against ChiefExecutive Bob Dudley's proposed $19.6 million remuneration for2015 after the British oil and gas company recorded its biggestannual loss.

Shareholders will be asked to vote on the pay of thecompany's executives at it annual general meeting in London onApril 14.

"Given our concerns regarding bonus payouts and the overallincentive structure, we do not believe shareholders shouldsupport the remuneration report at this time," Glass Lewis saidin a report. (Reporting by Ron Bousso. Editing by Jane Merriman)

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