Cairn Energy suffers shareholder revolt over pay for bosses

Cairn Energy suffers shareholder revolt over pay for bosses

Scottish oil and gas firm Cairn Energy was on the end of a stinging shareholder revolt over bosses’ pay today.

More than a third (34.87%) of votes cast at Cairn Energy’s annual general meeting opposed the directors’ remuneration report.

Chief executive Simon Thomson’s pay pack — including his bonus, pension payments and long-term incentives — totalled £1.48 million for 2020, up 26% year-on-year.