A lack of clarity on the succession plan for longstanding Santos chief executive Kevin Gallagher has been raised as a concern by shareholder advisory firm Glass Lewis, particularly given the looming expiry of his controversial $6 million incentive payment.
Glass Lewis, which gives voting guidance to institutional investor clients, noted Gallagher has been in the top job for nine years and his $5.6 million pay last year was 4.5 times higher than the average for key management personnel.
