Shell Wins Investor Backing for Higher Executive Bonuses (1)

Shell Plc shareholders approved a new policy that could award larger bonuses to executive directors, moving the company closer to compensation levels at its US rivals.

The vote, more than 95% in favor at Shell’s annual meeting in London on Tuesday, raises the maximum long-term share award for Chief Executive Officer Wael Sawan from 600% to 900% of salary. Chief Financial Officer Sinead Gorman’s bonus ceiling also increases.

For Europe’s largest energy company, the policy increases the potential incentives for top executives at a moment when UK boards are pushing to narrow the transatlantic pay gap. Sawan’s total compensation ...