A group of investors led by Dutch green investor group ‘Follow This’ has threatened BP with legal action following the rejection of a resolution filed for next month’s annual general meeting. This has been described as an “unprecedented attack on shareholder rights,” with corporate governance experts suggesting it is the first time a FTSE 100 company has rejected a resolution that meets filing thresholds. The Financial Times reports on the news.
Meanwhile, executive remuneration has continued to face scrutiny, with governance firm Institutional Shareholder Services advising @UniCredit shareholders to vote against the 2025 remuneration report. The proxy advisor cited concerns about the scale of the CEO’s pay, which totalled $44 million. Reuters covers the news.
