Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell A    RDSA   GB00B03MLX29

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

PIRC Advises Shell Shareholders To Oppose CEO Pay Package

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/20/2012 | 06:47pm CET

--PIRC says remuneration packages is "excessive"

--Shareholders have been protesting against large pay packages at U.K-listed companies

--Shell says CEO's remuneration package is linked to performance and 2011 was a positive year for the company

(Updates with Shell spokesman response in last paragraph.)

   By Alex MacDonald 
   Of  

Shareholders of Royal Dutch Shell PLC (>> Royal Dutch Shell plc) have been asked to vote against the oil major's "excessive" remuneration package which awarded the company's chief executive more than 12 million euros ($15.3 million) last year, the U.K.-based independent shareholder advisory body said in a report

The recommendation comes at a pivotal time when many U.K.-listed companies have suffered protest votes over their executive pay packages which in several cases have led to the rejection of remuneration packages and ultimately led to the resignation of several chief executives.

Last week, a large minority of shareholders at U.K. insurance company Prudential PLC (>> Prudential plc) voted against the company's pay package while more than two-thirds of voting shareholders in oil company Cairn Energy PLC (CNE.LN, CRNCY) voted against the pay package for executives.

The Pensions and Investment Research Consultants or PIRC recommended in a report that shareholders vote down Shell's remuneration package at the company's annual general meeting on Tuesday.

Shell Chief Executive Peter Voser earned a salary of EUR1.55 million and earned an annual bonus and other emoluments that boosted his total cash pay to EUR5.21 million in 2011. He then gained shares under the company's long-term incentive package, or LTIP, and deferred-bonus plan, or DBP, worth EUR6.46 million and received an increased in his pension of EUR0.9 million that resulted in a total compensation package of more than EUR12 million, according to PIRC.

"PIRC considers that combined awards under the LTIP and DBP are potentially excessive and were so in the year under review, with the CEO receiving annual incentive and conditional LTIP awards worth 526% of salary." Shell shareholders last voted to reject the company's remuneration report in 2009 in protest at the award of bonuses despite performance targets being missed.

The Sunday Telegraph, which reported the news earlier in the day, said that the remuneration package is unlikely to be voted down this year but didn't disclose any sources.

A Shell spokesman said in an emailed statement to Dow Jones Newswires that "Shell's remuneration policy firmly links executive compensation with the performance of the company, and the 2011 outcomes reflect what was a positive year for the company."

   -By Alex MacDonald, Dow Jones Newswires; 
   +44 (0)7776 200 924 alex.macdonald@dowjones.com; 

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ROYAL DUTCH SHELL A
12/05 ROYAL DUTCH SHELL A : Bibby Offshore wins significant North Sea contract with Sh..
12/05 ROYAL DUTCH SHELL A : Bibby Offshore Wins Significant North Sea Contract with Sh..
12/05 DIRECTOR DEALINGS : Royal Dutch Shell CFO Sells GBP1 Million In Shares
12/05 ROYAL DUTCH SHELL A : plc third quarter 2016 Euro and GBP equivalent dividend pa..
12/03 OGONI KING : Shell oil is killing my people
12/02 ROYAL DUTCH SHELL A : Euro and GBP Equivalent Dividend Payments
12/02 ROYAL DUTCH SHELL A : plc third quarter 2016 Euro and GBP equivalent dividend pa..
12/02 ROYAL DUTCH SHELL A : Shell to start feeling Norway heat on shelved gas project
12/02DJROYAL DUTCH SHELL A : Shell to Shut Unit at Deer Park Refinery
12/01DJBP to Proceed with Deep Water Project in Gulf of Mexico -- 2nd Update
More news
Sector news : Oil & Gas Refining and Marketing - NEC
12/05DJBHP Billiton, Cnooc, Total, Others Take Blocks in Mexico Offshore Auction--2n..
12/05DJBHP Billiton Wins Trion Oil Field Bid
12/05DJAustralia's BHP Billiton Wins Bidding for Stake in Mexico's Trion Oil Field -..
12/02DJOil Giants Set to Bid on Mexico's Deep-Water Oil Fields
12/02 Buffett's Berkshire is urged to sell fossil fuel stocks
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
12/05 BHP, Cnooc, European majors among winners for Mexican deepwater blocks
12/05 ROYAL DUTCH SHELL : Don't Miss This Catalyst
12/05 Shell sells 20% Gulf of Mexico offshore stake to Mitsui
12/03 How To Invest In Response To OPEC Oil Production Cuts
12/02 ENSCO : The Least Risky Driller
Advertisement
Financials ($)
Sales 2016 232 114 M
EBIT 2016 10 960 M
Net income 2016 7 695 M
Debt 2016 70 582 M
Yield 2016 7,19%
P/E ratio 2016 22,09
P/E ratio 2017 13,31
EV / Sales 2016 1,24x
EV / Sales 2017 1,01x
Capitalization 216 079 M
More Financials
Chart ROYAL DUTCH SHELL A
Duration : Period :
Royal Dutch Shell A Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Full-screen chart
Technical analysis trends ROYAL DUTCH SHELL A
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 31,3 $
Spread / Average Target 20%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ben van Beurden Chief Executive Officer & Executive Director
Charles Holliday Chairman
Simon P. Henry Chief Financial Officer & Executive Director
Harry Brekelmans Director-Technology & Projects
Gerardus Johannes Wijers Deputy Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL DUTCH SHELL A16.43%214 941
EXXON MOBIL CORPORATIO..11.92%360 928
BP PLC31.82%111 179
CHINA PETROLEUM & CHEM..10.89%94 318
SAUDI BASIC INDUSTRIES..--.--%77 390
SUNCOR ENERGY INC.20.89%53 604
More Results