By Benoit Faucon
Last Update: 9:02 PM ET Apr 29, 2007
LONDON (MarketWatch) — The U.K.’s Local Authority Pension Fund Forum Monday urged its members to vote against Royal Dutch Shell PLC’s remuneration report at its May 15 shareholders meeting over what it said was a lack of health and safety targets in executive pay.
The remuneration report contains both the pay awarded to executive and the policies set to decide them.
The LAPFF, whose members own over 1% of Shell shares, said it “believes the company should link management of non-financial issues such as health and safety to its long-term incentive plan.”
“Currently there is only linkage to the annual bonus and the sustainable development component of the bonus,” it added.
About 20% of the annual bonus is based on sustainable development, primarily based on number of reported cases of work-related injury, according to Shell’s annual report.
Although they have been less acute than at BP PLC some safety issues have been reported at Shell. The company was told in November to improve safety on its Clipper 48 natural gas platform in the U.K. North Sea. But the regulatory issue was formally closed in January.
The LAPFF also said it “is not convinced that Shell’s target (used to calculate bonus) to reduce emissions to 5% below 1990 levels by 2010 is adequate.” It called for “an adjustment of Shell’s target.”
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This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
