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The Guardian

Rory McIlroy surges into six-shot Masters lead with stunning second-round flourish ‘That’ll be the end’: actor Sam Neill joins fight to stop controversial goldmine near his New Zealand vineyard Roberto De Zerbi targets ‘Ange-ball’ revival to save Spurs from relegation Bath hit back to reach semi-final after stunning Northampton in 11-try epic Secret Garden to Outcome: the week in rave reviews Zebras, wealth and power: Hungary’s election tests Orbán’s grip on power ‘TikTok effect’ brings sellout crowds and younger fans to Grand National meeting The war over Omagh’s gold: the £21bn mine plan tearing a community apart Britain’s shadow workforce is paid as little as 65p an hour. Who cares for the carers? From You, Me & Tuscany to Euphoria: your complete entertainment guide to the week ahead Six great reads: the man who let snakes bite him, masked heavy metal and the brutal reality for foreign students in the UK American Classic review – I defy you not to fall in love with Kevin Kline and Laura Linney’s tender comedy Cuba’s doctors were a lifeline for the world. Now the Caribbean is shamefully complicit in the US drive to expel them An environmental disaster in Moldova has Russia’s fingerprints all over it RMIT drops misconduct case against student who accused university of being ‘complicit in Gaza genocide’ Ichiro Suzuki statue unveiling goes awry as bronze bat snaps during ceremony Survivors of Epstein’s abuse accuse Melania Trump of ‘shifting burden’ on to victims European football: Real Madrid held at home by Girona to extend winless run Arne Slot insists he is ‘aligned’ with Liverpool board and fans as squad is rebuilt Kamala Harris ‘thinking about’ running for president again in 2028 JD Vance warns Iran against trying to ‘play’ the US in peace talks West Ham double up twice to thrash Wolves and put Spurs in relegation zone Trump administration releases new renderings of so-called ‘Arc de Trump’ Crispin Odey drops £79m libel claim against FT over sexual misconduct allegations Bafta apologises for events surrounding John Davidson’s Tourette’s outburst Cocktail of the week: Bar Shrimp’s la rosita – recipe New drug may extend survival in aggressive ovarian cancer, trial shows One dead and 27 injured after bus with British passengers crashes in Canary Islands Pope adds to Smith’s mass of Surrey runs with England woes a world away OpenAI CEO Sam Altman’s home targeted with molotov cocktail Reform UK local election candidate was twice disciplined by Tories over ‘racist comments’ Remaining in Nato is in best interests of US, says Keir Starmer Prince Harry sued for defamation by charity he co-founded Anthropic’s new AI tool has implications for us all – whether we can use it or not Concerns raised about motorbike tourist trail after death of British teenager in Vietnam The Guardian view on Trump’s civilisational threats: the words that fuel war must be condemned The Guardian view on dystopias for our times: the American nightmare Doctors’ leader claims new reduced pay offer killed chances of ending strikes in England Netanyahu-ism has achieved nothing for Israelis – and come at a monstrously high price Deborah Levy: ‘CS Lewis’s White Witch terrified me – but I wanted to meet her’ How I Shop with Michelle Ogundehin: ‘We grownups have enough stuff already’ Trump’s war and Melania’s Epstein statement, with US editor Betsy Reed – The Latest We have to stop killer motorists on Britain’s roads UK starts crackdown on EU citizens’ post-Brexit rights Londoners aren’t unfriendly – but don’t compare us to New Yorkers The religious right and the perversion of faith Artemis II images reignite moon mission memories Orbán and Magyar trade accusations in last days of Hungary election campaign Reckonwrong: How Long Has It Been? review | Safi Bugel's experimental album of the month Martin Rowson on Middle East peace talks – cartoon Masters magic, the Grand National and Premier League drama – follow with us Fears of UK and EU flight cancellations as airports warn of jet fuel shortages Reform’s petulance over slavery reparations shows it just doesn’t grasp Britain’s place in the modern world Peers vote to ban pornography depicting sex acts between stepfamily members Starbucks’s retail arm gets £13.7m tax credit even as sales increase Flyby review – interstellar musical is a voyage of epic strangeness Grand National preview: Jagwar can deny Irish cohort in Aintree classic Week in wildlife: an ostrich on the lam, a tortoise crossing a road and surfing seals Anger as swifts’ nesting holes in Derbyshire rail viaduct ‘blocked up’ Peter Mandelson faces fixed-penalty notice for urinating in public ‘There’s no shortage of terrifying technology’: how AI became TV drama’s new go-to villain ‘Fresher than anything in a shop’: the best recipe boxes and meal kits for time-poor foodies, tested Who was Hilma? 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BP’s chair deserved a kick for his silly obstinacy over shareholder resolution
Nils Pratley · 2026-04-24 · via The Guardian

BP has fresh faces in the boardroom and a rigged strategy: it’s pivoting back to oil and gas and away from its low-carbon assets in an attempt to improve a weak share price. One can agree or disagree with the approach. But it was a silly act of overreach for a newish chair to try to stifle debate on such matters.

That, in effect, was what Albert Manifold did when he excluded a resolution for Thursday’s annual meeting from Follow This, a Dutch investor group. The proposal itself cannot be described as explosive. It was pitched in investor-friendly terms and would merely have obliged BP to describe how it would protect shareholder value if demand for oil and gas falls. Nor is Follow This some two-bob outfit within the ranks of climate groups. It was claiming support from investors with $1tn under management.

BP’s reaction to the submission, however, was to speak to its lawyers. “The board, having taken legal advice, concluded that the proposal from Follow This was not valid and would be ineffective were it to pass,” Manifold declared without offering a reason for the supposed lack of validity. Come on, if it was something to do with the proposal not being filed as a “special” resolution requiring 75% support, as has been suggested, just use common sense to get it on the agenda in some form. There’s always a bit of negotiation in these cases.

Compare the approach of Shell when presented with a near-identical resolution from Follow This for its annual meeting next month. At the UK’s bigger oil and gas company, the chair, Andrew Mackenzie, allowed the motion to go forward without a fuss. The notice of Shell’s meeting devotes a full page to the proposers’ resolution and supporting statement and another page to the directors’ explanation of why they recommend a vote against. That is the grown-up and confident style: address the points and let the owners have their say.

Shell’s counter-arguments included: scenarios are not forecasts and are updated constantly; and the company already publishes enough information about break-even points, demand sensitivities and so forth to enable investors to make informed judgments about financial resilience. It is hard to see why BP couldn’t have done the same.

Manifold’s obstinacy seems to have fuelled rebellions on some of the company’s own resolutions, notably one that would have abolished BP-specific requirements on climate impact reporting that were adopted in 2015 and 2019 and are now regarded by the board as duplicative. On that one, BP got support from only 47% of voting shareholders when it needed 75%. On a plan to abolish in-person annual meetings, BP also lost.

Most embarrassingly, 18% of votes were against the re-election of Manifold himself, which is a stinker of a result for a chair on his first outing. Legal & General Investment Management, a top-10 investor, was in the “no” camp and cited the non-admittance of the Follow This resolution as one reason why.

The wonder is that BP’s boardroom still includes some heavyweight non-executives, including the Aviva boss, Amanda Blanc, and the former Barclays finance director Tushar Morzaria. They must surely have known a heavy-handed approach to shareholder democracy could backfire. Did they warn the chair? Or is it true, as some say, that BP is now the Albert Manifold show?

As it happens, his “simpler, stronger, more valuable” strategy for BP probably has broad majority shareholder support, just as a similar one at Shell does. The point, though, is that you’ve still got to let debate flow and set out arguments. Manifold deserved the kick he got.