LONDON, April 8 (Reuters) - BP shareholder RoyalLondon Asset Management will vote against the proposed $19.6million 2015 remuneration package for BP Chief Executive BobDudley at next week's annual general meeting, the fund managersaid on Friday.
"This proposed increase is both unreasonable and insensitive... We will be voting against this proposal," Royal London AssetManagement corporate governance manager Ashley Hamilton Claxtonsaid.
The statement from Royal London, which holds 0.7 percent ofBP shares worth more than 400 million pounds ($564 million),echoes discontent over Dudley's pay package from shareholderadvisor Glass Lewis earlier this week.
BP made its worst ever annual loss in 2015 as it grappledwith a slump in oil prices. Shareholders will cast their voteson executive pay packages at the meeting in London on April 14.
($1 = 0.7098 pounds) (Reporting by Karolin Schaps; editing by David Clarke)
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