BP chair Albert Manifold removed over governance and conduct concerns
By
Barney Macintyre
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
Albert Manifold has been removed as chair of BP by the board over serious governance and conduct concerns, including alleged bullying. The article analyzes the opaque nature of BP's board statement and the ongoing governance challenges facing the oil major. It raises questions about what exactly transpired and what this means for BP's leadership and oversight moving forward.
Key quotes
· 3 pulledAlbert Manifold, the chair of BP, has been removed with immediate effect by the oil major's board over 'serious concerns' about 'governance oversight' and 'conduct issues it deems unacceptable'.
Reading between the lines of a BP board statement has become something of an art.
BP's latest bout of boardroom drama has seen its chair depart amid allegations of bullying, as governance continues to be a sore for the oil company.
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