BP » Topics » General powers of the Directors

These excerpts taken from the BP 6-K filed May 22, 2008.

General powers of the Directors

118     The business and affairs of the Company shall be managed by the Directors, who may exercise all such powers of the Company as are not by the Statutes or by these Articles required to be exercised by the Company in general meeting, subject nevertheless to any regulations of these Articles, to the provisions of the Statutes and to such regulations, being not inconsistent with the aforesaid regulations or provisions, as may be prescribed by special resolution of the Company, but no regulation so made by the Company shall invalidate any prior act of the Directors which would have been valid if such regulation had not been made. The general powers given by this Article 118 shall not be limited or restricted by any special authority or power given to the Directors by any other Article.

General
powers of the Directors


118     The
business and affairs of the Company shall be managed by the Directors, who may exercise all such powers of the Company as are not by
the Statutes or by these Articles required to be exercised by the Company in general meeting, subject nevertheless to any regulations
of these Articles, to the provisions of the Statutes and to such regulations, being not inconsistent with the aforesaid regulations
or provisions, as may be prescribed by special resolution of the Company, but no regulation so made by the Company shall invalidate
any prior act of the Directors which would have been valid if such regulation had not been made. The general powers given by this
Article 118 shall not be limited or restricted by any special authority or power given to the Directors by any other Article.



EXCERPTS ON THIS PAGE:

6-K (2 sections)
May 22, 2008
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