Shareholder rebels give BG Group a shock over boss Helge Lund’s £31m pay deal
Shareholder rebels give BG Group a shock over boss Helge Lund’s £31m pay deal
By LAURA CHESTERS FOR THE DAILY MAIL
PUBLISHED: 00:20, 6 May 2015 | UPDATED: 00:20, 6 May 2015
BG Group faced a rebellion against boss Helge Lund’s massive pay deal after nearly one in five shareholders at the oil and gas giant’s annual meeting refused to back its remuneration report.
Chief executive Lund, who joined the company on February 9 from Norway’s oil giant Statoil, could be in line for a pay and perks package of £25-£31million if he meets every condition of his bonuses and long term share awards.
The group’s AGM, held at Reading’s Hilton Hotel yesterday, also revealed more than 15 per cent did not back the re-election of Sir John Hood as chairman of its remuneration committee.
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