Some 40% of votes oppose company’s remuneration report and policy, centring shares awarded to CEO James Moffat
Lamprell has suffered a big pay revolt at its annual general meeting the third year in a row that shareholders have rebelled against pay deals at the oil rig builder.
About 40% of votes opposed the company’s remuneration report, its remuneration policy and changes to its 2008 share plan. Lamprell suffered the revolt at Monday’s meeting in Dubai even after it claimed to have consulted its shareholders on pay.