Our views

BP Remuneration Committee has led the way


Ashley Hamilton Claxton, Corporate Governance Manager

17 May 2017

BP’s remuneration committee has made the right decision to significantly reduce the total pay that Mr Dudley will be awarded going forward, proactively responding to last year’s shareholder revolt. 
Against the backdrop of a season of annual general meetings where companies have been doing the bare minimum to gain shareholder approval in 2017, BP has led the way and applied discretion to override the formulaic outcome of the pay policy.

BP’s remuneration committee has made the right decision to significantly reduce the total pay that Mr Dudley will be awarded going forward, proactively responding to last year’s shareholder revolt. 

Against the backdrop of a season of annual general meetings where companies have been doing the bare minimum to gain shareholder approval in 2017, BP has led the way and applied discretion to override the formulaic outcome of the pay policy.

The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views expressed are the author’s own and do not constitute investment advice.