Shareholder Advisory Firms Back BP's Decision on CEO Looney's Departure

Wednesday, 3 April 2024, 15:21

Glass Lewis and ISS, influential shareholder advisory firms, have both voiced approval of BP's board for the way they managed and executed the dismissal of former CEO Bernard Looney. This support comes in light of the challenges faced by BP's leadership with the departure of Looney. The backing from these firms signals a vote of confidence in the board's decision-making process and handling of the CEO transition.

https://store.livarava.com/ac4f5a09-f1ce-11ee-894f-87cc5c87fb08.jpg — Shareholder Advisory Firms Back BP's Decision on CEO Looney's Departure

BP's Board Supported

Shareholder advisory firms Glass Lewis and ISS express approval for BP's board in the dismissal of former CEO Bernard Looney.

Transition Management Praised

Both influential firms show support for the board's handling of the CEO transition.

Glass Lewis and ISS back BP.

This signifies that the leadership has successfully managed a complex situation.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

BP's Board Supported

Transition Management Praised

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