I have been watching the BP (BP.) Annual General Meeting on-line. This was badly disrupted by protestors and the Chairman (Helge Lund) did a very poor job of restoring order. He had to ask for order several times and over 10 minutes in total were wasted before Lund requested removal of the protestors. Much too soft!
BP already supports a transition to net zero carbon which I consider misconceived. How many votes against Lund will he get? We shall soon see.
Note: I am a shareholder in BP.
Postscript: Helge Lund received 9.6% of shares voted against his re-election. Whether that was because of his weak approach to meeting management or dislike about the company’s strategy is unclear.
Requisitioned Special Resolution 25 was voted down by 83% which shows there is little support among shareholders for extreme policies.
Roger Lawson (Twitter: https://twitter.com/RogerWLawson )
You can “follow” this blog by entering your email address in the box below. You will then receive an email alerting you to new posts as they are added.