What happened: BP has confirmed Amanda Blanc will once again lead the search for a new chair following the unexpected departure of Albert Manifold last week. Some investors have expressed worries about Blanc's role in overseeing the process.
Why it matters:
- The choice of chair is crucial for BP's governance and strategic direction.
- Investor confidence may be affected by concerns over the leadership selection process.
MNN Take: Amanda Blanc, as senior independent director, is responsible for managing the chair appointment, a role she has held previously. BP’s decision reflects trust in her despite shareholder unease.
Sources: Guardian UK