LAPFF Signals Further Pushback Against BP Ahead of AGM

LAPFF signals further pushback against BP ahead of AGM

LAPFF is recommending a vote against the BP chair and other management-backed AGM items over transparency and governance concerns

Proxy advisers recommend vote against BP chair

The governance clash over a shareholder proposal blocked by the board of BP has escalated after proxy advisers recommended voting against re-election of the oil giant’s chair, over concerns about sustainability reporting. Glass Lewis told investors that the refusal of BP to allow a resolution from Follow This, a campaign group, raised issues about transparency. The Financial Times cited Glass Lewis’ advice, saying action to keep the resolution f…