business / news / / LBC
The oil major could face investor dissent on several fronts during the meeting at its Sunbury-on-Thames hub in Surrey on Thursday.
BP refused to bring a key shareholder climate resolution to a vote ahead of the AGM.
KEY POINTS
- BP's board is proposing to repeal past climate reporting requirements supported by shareholders in 2015 and 2019.
- Proxy advisers Glass Lewis and ISS recommended opposing some BP board-backed proposals, increasing dissent risks.
- BP board faces potential legal action from Dutch activist group Follow This over rejected climate resolution.
- Australasian Centre for Corporate Responsibility's climate proposal, accepted for vote, has significant investor backing against BP's wishes.
COMPANIES
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