Shareholder advisory firms Glass Lewis and ISS support BP's board on former CEO Bernard Looney's dismissal due to misleading information.

Shareholder advisory firms Glass Lewis and Institutional Shareholder Services (ISS) have backed BP's board handling of former CEO Bernard Looney's dismissal last year. Looney was formally dismissed in December after the board concluded he had misled them regarding relationships with colleagues. BP cut over $40m from Looney's potential remuneration and clawed back $2.3m from his 2023 pay package.

April 03, 2024
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