BP 2017 AGM Recommendation. Shareholders are advised to vote against the remuneration report and the new Policy at this company. BP - The Manifest report is attached. BP is graded E for Remuneration (on A to F scale!), which is pretty bad. Manifest reasons were: Report - Issues:
- No clearly identifiable link is noted between the performance measures used in the incentive pay elements and the key performance indicators identified in the business review.
- The level of the upper bonus cap for certain of the executive directors/CEO may be of concern.
- The aggregate of all long-term incentive awards made to CEO represents 578% of salary (on a market value basis, based on maximum possible vesting).
- The
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