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Shell Shareholders Advised to Oppose CEO’s Pay, Telegraph Says

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May 20 (Bloomberg) -- Royal Dutch Shell Plc’s shareholders were urged by corporate-governance adviser Pensions and Investment Research Consultants to block a pay increase being awarded to Chief Executive Officer Peter Voser, the Sunday Telegraph reported, citing a report by PIRC.

The report described Voser’s 4.5 million pound ($7.1 million) remuneration package as excessive, the Telegraph said.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: Stephen Voss on sev@bloomberg.net

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