Latest news with #Pirc
Business Mayor
18-05-2025
- Business
- Business Mayor
Shell facing revolt over chief's 'excessive' pay packet
Wael Sawan earns 63 times that of the average Shell employee, says Pirc By CALUM MUIRHEAD Updated: 11:03 BST, 18 May 2025 Shell is facing a possible revolt at its annual meeting this week after a leading shareholder advisor said investors should oppose the pay packet for its executives. It comes as the oil giant faces questions on its strategy after reports it is weighing up a takeover bid for rival BP. Ahead of the meeting near Heathrow Airport on Tuesday advisory firm Pirc said it was concerned the packet for Wael Sawan was 'excessive' saying the ratio of the chief executive's pay to an average employee was 63 to 1. Last year, Sawan received £8.6 million in pay and bonuses, up from £7.9 million the previous year. Pirc also encouraged shareholders to support a proposal which, if passed, would force the firm to explain how targets for its liquefied natural gas business aligned with its plans to reach net-zero emissions by 2050. Opposition: Advisory firm Pirc said it was concerned the packet for Wael Sawan (pictured) was 'excessive' While Shell has encouraged investors to oppose the resolution, Pirc said the LNG business presented 'a critical area of financial and climate-related risk' due to the firm's reliance on the division for a large chunk of its sales. Pirc has also opposed the re-election of chairman Sir Andrew Mackenzie after saying Shell's climate planning and governance fell 'significantly short' of expectations. Easy investing and ready-made portfolios Free fund dealing and investment ideas Flat-fee investing from £4.99 per month Account and trading fee-free ETF investing Free share dealing and no account fee Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you READ SOURCE
Daily Mail
17-05-2025
- Business
- Daily Mail
Shell facing revolt over chief's 'excessive' pay packet
Shell is facing a possible revolt at its annual meeting this week after a leading shareholder advisor said investors should oppose the pay packet for its executives. It comes as the oil giant faces questions on its strategy after reports it is weighing up a takeover bid for rival BP. Ahead of the meeting near Heathrow Airport on Tuesday advisory firm Pirc said it was concerned the packet for Wael Sawan was 'excessive' saying the ratio of the chief executive's pay to an average employee was 63 to 1. Last year, Sawan received £8.6 million in pay and bonuses, up from £7.9 million the previous year. Pirc also encouraged shareholders to support a proposal which, if passed, would force the firm to explain how targets for its liquefied natural gas business aligned with its plans to reach net-zero emissions by 2050. While Shell has encouraged investors to oppose the resolution, Pirc said the LNG business presented 'a critical area of financial and climate-related risk' due to the firm's reliance on the division for a large chunk of its sales. Pirc has also opposed the re-election of chairman Sir Andrew Mackenzie after saying Shell's climate planning and governance fell 'significantly short' of expectations.
Yahoo
01-03-2025
- Yahoo
Police car hits knife-wielding man who 'stabbed dog'
A man reported to police for wandering around Aberdeen with a knife was repeatedly struck by a police car as officers tried to disarm him. Footage of the dramatic collision in the Seaforth Road area on Friday afternoon shows the man flipping over the car bonnet before getting up and striding towards another officer. Eventually police close in on the man, using a car and a police dog to cut him off - the dog was reportedly stabbed in the incident and was taken to a vet. The man, 27, was taken to hospital for treatment and has been charged with various offences including one under the Animal Welfare Act. The matter has been reported to the Police Investigations and Review Commissioner (Pirc). Police Scotland said officers had used "specialist tactics" to protect the public and each other from harm and that a knife had been recovered from the scene. The force said that Police Dog Zeus, a six-year-old Belgian Malinois, had received veterinary treatment and it was hoped he would make a "speedy recovery". Seaforth Road was closed at the junction with Park Road and police remain in the area while inquiries continue. Members of the public with any concerns can speak to these officers. Supt Ross Kelly said: "We believe this was an isolated incident and there is no ongoing risk to the public. Thankfully no officers were injured. "Our thoughts are with PD Zeus and his handler and we are hoping for a speedy recovery. "Police dogs are an important and valuable resource and attacks on them will not be tolerated. Our dog branch plays a crucial role in keeping people safe and we cannot overstate the value that these highly skilled animals bring to policing." Anyone with information on the incident has been urged to contact Police Scotland on 101.
BBC News
01-03-2025
- BBC News
Police car hits knife-wielding man who stabbed dog in Aberdeen
A man reported to police for wandering around Aberdeen with a knife was repeatedly struck by a police car as officers tried to disarm of the dramatic collision in the Seaforth Road area on Friday afternoon shows the man flipping over the car bonnet before getting up and striding towards another police close in on the man, using a car and a police dog to cut him off - the dog was reportedly stabbed in the incident and was taken to a man, 27, was taken to hospital for treatment and has been charged with various offences including one under the Animal Welfare Act. The matter has been reported to the Police Investigations and Review Commissioner (Pirc). Police Scotland said officers had used "specialist tactics" to protect the public and each other from harm and that a knife had been recovered from the force said that Police Dog Zeus, a six-year-old Belgian Malinois, had received veterinary treatment and it was hoped he would make a "speedy recovery". Seaforth Road was closed at the junction with Park Road and police remain in the area while inquiries of the public with any concerns can speak to these Ross Kelly said: "We believe this was an isolated incident and there is no ongoing risk to the public. Thankfully no officers were injured."Our thoughts are with PD Zeus and his handler and we are hoping for a speedy recovery. "Police dogs are an important and valuable resource and attacks on them will not be tolerated. Our dog branch plays a crucial role in keeping people safe and we cannot overstate the value that these highly skilled animals bring to policing."Anyone with information on the incident has been urged to contact Police Scotland on 101.
