business / news / / Daily Mail Online
Investors' ire is focused on the oil giant's chairman, Albert Manifold.
Major investors like Legal & General and Railpen plan to vote against BP chairman Albert Manifold.
KEY POINTS
- BP blocked a shareholder proposal requiring disclosure on its shift from renewables amid declining oil demand.
- BP's board is proposing to eliminate in-person AGMs, moving to online-only meetings.
- Large investors argue BP's online-only meeting plan undermines effective governance and shareholder engagement.
- UK ministers are considering clarifying old laws regarding the validity of virtual-only shareholder meetings.
COMPANIES
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