BG Group responds to shareholder concerns

Official Award

BG Group plc today responded to shareholder pressure and amended its proposed remuneration package for its incoming CEO.  The new package falls inside its existing policy approved earlier this year, and as such does not require to be put to shareholder vote.

This sounds like a reasonable outcome and will allow the company to move onto normal business activities rather than heading off a governance related challenge linked to compensation from its shareholders.

This outcome deserves the "Keep Calm and Govern Well Award" handed out on such occasions by this blog site's award committee given the company's responsive behaviour to shareholder concerns.