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KLP votes against bonus scheme for Maersk execs

Maersk shareholder KLP is not going to approve the carrier’s remuneration report at Tuesday’s annual general meeting, with CEO Søren Skou’s package amounting to nearly USD 7m.

Maersk Chief Executive Søren Skou. | Photo: Niels Hougaard/ERH

Bonuses and salaries for the top executives at Maersk, which has just presented a record result for 2021 of DKK 117bn (USD 17bn) after taxes, once again make up a point of contention among shareholders.

Norwegian pension provider KLP, which owns 0.6 percent of the Maersk A shares, states in advance that it will vote against two items on the agenda for Maersk’s annual general meeting set to take place Tuesday at the carrier’s Copenhagen headquarters.

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