Package worth about £25m for incoming boss risked shareholder revolt for breaching oil and gas group’s remuneration policy
The oil and gas group BG has cut the £25m pay deal for incoming boss Helge Lund after shareholders warned that they would vote down the package later this month.
Following a week of relentless pressure from investors and outspoken remarks by the head of the Institute of Directors, the BG board took the unusual step of reducing the share awards to Lund.