BP’s governance practices came under the spotlight following the ousting of chair Albert Manifold due to claims about his conduct and behaviour. He has since publicly challenged the allegations and labelled accusations of bullying as ‘lies’, with the dispute reigniting discussions surrounding board accountability, governance standards and conduct at some of the world’s largest companies. The Financial Times reports on the news.
Meanwhile, sustainability disclosure requirements faced a significant setback after the US Securities and Exchange Commission proposed scrapping a Biden-era climate disclosure rule that requires companies to disclose their climate-related risks and spending. This has prompted debate over the future of corporate transparency and the role of ESG reporting in helping investors assess long-term risks. Reuters covers the news.
