Major Shell investor SLI to vote no on pay
LONDON |
LONDON (Reuters) - Standard Life Investments (SLI), a major shareholder in Royal Dutch Shell (RDSa.L), will vote against the oil giant's pay report at its upcoming shareholder meeting, a source close to the investment firm said.
The comments from the source came after a statement in which SLI Head of Corporate Governance Guy Jubb attacked the remuneration package agreed for directors.
SLI -- which has a stake of about 2.5 percent stake in Shell -- has a policy of not announcing its voting intentions ahead of corporate shareholder meetings.
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