Oil and gas group recruited Helge Lund from Statoil, agreeing a £12m ‘golden hello’ in shares and a possible £13.5m a year

Oil and gas group BG faces an all-out battle with its shareholders after the biggest investor advisory group, ISS, rejected a £25m pay deal for the company’s new chief executive, while business secretary Vince Cable urged shareholders to vote against the huge pay packet.

ISS, which influences the votes of many City investors, said it appeared the company’s pay committee had not done its job properly. It urged investors to vote down Helge Lund’s package at the extraordinary general meeting called to approve the pay package next month.

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