BP » Topics » Accountability to shareholders

This excerpt taken from the BP 20-F filed Jun 13, 2006.

Accountability to shareholders

        Our board is accountable in a variety of ways. It is required to be proactive in obtaining an understanding of shareholder preferences and to evaluate systematically the economic, social, environmental and ethical matters that may influence or affect the interest of our shareholders.

        Our board is accountable to shareholders for the performance and activities of the entire BP Group. It embeds shareholder interest in the goals established for the Company.

        In carrying out its work in policy-making and monitoring and in its active consideration of Group strategy, our board exercises judgement on how best to further shareholder interest. The board seeks to do so by maximizing the expected value of shareholders' interest in the Company, not by eliminating the possibility of any adverse outcomes.

This excerpt taken from the BP 20-F filed Jun 30, 2005.

Accountability to shareholders

        Our board is accountable in a variety of ways. It is required to be proactive in obtaining an understanding of shareholder preferences and to evaluate systematically the economic, social, environmental and ethical matters that may influence or affect the interest of our shareholders.

        Our board is accountable to shareholders for the performance and activities of the entire BP Group. It embeds shareholder interest in the goals established for the Company.

        In carrying out its work in policy-making and monitoring and in its active consideration of Group strategy, our board exercises judgement on how best to further shareholder interest. The board seeks to do so by maximizing the expected value of shareholders' interest in the Company, not by eliminating the possibility of any adverse outcomes.

EXCERPTS ON THIS PAGE:

20-F
Jun 13, 2006
20-F
Jun 30, 2005
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