The remuneration committee at Shell decided to exercise their discretionary power to grant five top executives a bonus for 2008, though they had not fulfilled the mandatory functionality measures under the settlement plan.
Proxy counselors RiskMetrics and the British Association of Insurers guide their clients to vote against the plan at the coming 2009 year annual meeting. The Shell remuneration committee wonder how the shareholders will respond.
PUBLICATION DATE: June 15, 2009 PRODUCT #: 409126-HCB-ENG
This is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
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